Reporting Entity |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Reporting Entity [Abstract] | |
| Reporting Entity | 1) REPORTING ENTITY
MakeMyTrip Limited (the “Parent Company”) together with its subsidiaries and equity-accounted investees (collectively, “the Company” or “the Group”) is primarily engaged in the business of selling travel products and solutions through its subsidiaries in India, the United States of America, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam and Indonesia. The Group offers its customers the entire range of travel services including ticketing, tours and packages, hotels and other travel related services.
The Company is a public limited company incorporated and domiciled in Republic of Mauritius and has its registered office at IQ EQ Corporate Services (Mauritius) Limited, 33, Edith Cavell Street, Port Louis, Republic of Mauritius. The Company’s ordinary shares representing equity shares are listed on the Nasdaq. |
Basis of Accounting |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Basis Of Accounting [Abstract] | |
| Basis of Accounting | 2) BASIS OF ACCOUNTING
(a) Statement of Compliance
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). Accounting policies have been applied consistently to all periods presented in these consolidated financial statements, except as mentioned otherwise.
The consolidated financial statements were authorized for issue by the Company’s Board of Directors on July 25, 2023.
(b) Basis of Measurement
The consolidated financial statements have been prepared on the historical cost and on an accrual basis except for the following material items:
• equity securities at Fair Value through Other Comprehensive Income (FVOCI), financial assets at Fair Value Through Profit or Loss (FVTPL) and financial liabilities at Fair Value Through Profit or Loss (FVTPL). • net defined benefit (asset) liability measured at fair value of plan assets less the present value of the defined benefit obligation.
(c) Functional and Presentation Currency
These consolidated financial statements are presented in U.S. Dollar (USD), which is the Parent Company’s functional currency. All amounts have been rounded to the nearest thousands, unless otherwise indicated.
The functional currency of subsidiaries is the currency of the primary economic environment in which each subsidiary operates and is normally the currency in which each subsidiary primarily generates and expends cash.
(d) Use of Estimates and Judgements
The preparation of these consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised in the period in which the estimates are revised and in any future periods affected.
i) Judgements
Information about judgements made in applying accounting policies that have the most significant effects on the amounts recognised in the consolidated financial statements is included in the following notes:
Note 8 – Equity-accounted investees: whether the Group has significant influence over an investee: The Group has a significant influence over another entity if it holds 20% or more of the voting power of the investee. In case the Group holds less than 20% of the voting power of the investees, then the Group applies judgement to determine its significant influence over the investee.
Note 10 – Revenue recognition: expected usage of loyalty program benefits: Under its customer loyalty programs, the Group allocates a portion of the consideration received to loyalty points that are redeemable against any future purchases of the Group’s services. This allocation is based on the relative standalone selling prices. Judgement is required to determine the standalone selling price for each distinct performance obligation.
Note 10 – Recognition of revenue on gross/net basis: Recognition of revenue from travel suppliers on gross/net basis requires judgement based on the underlying travel services provided.
Note 17 and 20 – Income taxes: The Group takes into account the impact of uncertain tax positions in determining the amount of current and deferred tax. This assessment involves a series of judgements about future events. Further, in assessing the realizability of deferred tax assets, management considers whether some portion or all of the deferred tax assets will not be realized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.
Note 19 – Determination of Cash Generating Unit (CGU): For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Judgement is involved in determining the CGU/grouping of CGUs for allocation of the goodwill and other assets.
Note 28 – Convertible Notes: The Group has applied its judgement in determining the expected future life of the instrument.
Note 36 – Lease term: whether the Group is reasonably certain to exercise extension options: The Group has an option to extend the term of lease at the end of lock-in period in most of its leases. The Group makes a judgement, by considering future economic incentives for exercising the extension option in order to ensure reasonable certainty.
ii) Assumptions and estimation uncertainties
Information about assumptions and estimation uncertainties as at March 31, 2023 that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities in the next financial year is included in the following notes:
Note 10 – Revenue recognition: estimate regarding incentive payment from travel suppliers: Contracts with travel suppliers can include incentive payments which are estimated at inception and are adjusted at the end of each reporting period as additional information becomes available only to the extent that it is probable that a significant reversal of any incremental revenue will not occur.
Note 14 – Recognition and measurement of provisions and contingencies: The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation. The Group is involved in various legal and tax matters, the outcome of which may not be favorable to the Group. Management in consultation with the legal, tax and other advisers assess the likelihood that a pending claim will succeed. The Group has recognised liabilities based on whether additional amounts will be payable and has included contingent liabilities where economic outflows are considered possible but not probable.
Note 19 – Useful life of intangible assets: The useful lives of Group's intangible assets are determined by management at the time the asset is acquired based on historical experience, after considering market conditions, industry practice, technological developments, obsolescence and other factors. However, changes in economic conditions of the markets, competition and technology, among others, are unpredictable and they may significantly impact the useful lives.
Note 19 – Impairment test of intangible assets and goodwill: key assumptions underlying recoverable amounts, including the recoverability of development costs: In calculating the value in use for the purpose of impairment, the Group is required to make significant judgements, estimates and assumptions inter-alia concerning the growth in earnings before interest, taxes, depreciation and amortisation (‘EBITDA’) margins, capital expenditure, long-term growth rates and discount rates to reflect the risks involved.
Note 24 – Impairment and recoverability of advances to suppliers: In calculating the recoverability of the advances to suppliers, the Group is required to make significant judgements, estimates and assumptions inter-alia concerning the continuous operations of our suppliers, security of the advances and utilization in the future period to reflect the risks involved.
Note 32 – Measurement of defined benefit obligations: key actuarial assumptions: The cost of the defined benefit plans, compensated absences and the present value of the defined benefit obligations are based on actuarial valuation. These include the determination of the discount rate, future salary increases and mortality rates. The actuarial assumptions used by the Company may differ materially from actual results in future periods due to changing market and economic conditions, regulatory events, judicial rulings, higher or lower withdrawal rates, or longer or shorter participant life spans.
Note 33 – Share based payments: The share-based compensation expense is determined based on the Company’s estimate of equity instruments that will eventually vest.
Note 34 – Measurement of Expected Credit Loss (“ECL”) allowance for trade receivables and contract assets: The Group has considered current and anticipated future economic conditions relating to the countries where it operates. In calculating expected credit loss, the Group has also considered other related credit information for its customers to estimate the probability of default in future and has taken into account estimates of possible effect relating to COVID -19 pandemic. Moreover, trade receivables are provided and written off on a case-to-case basis if deemed not to be collectible on the assessment of the underlying facts and circumstances. Estimation uncertainty relating to COVID-19 pandemic The global COVID-19 pandemic had severely impacted travel demand in terms of affecting consumers’ sentiment and their willingness to travel, which had caused airlines and hotels in India and around the world to operate at significantly reduced service levels throughout much of financial year 2020-21 and 2021-22. The COVID-19 pandemic also contributed to significant weakness in the macroeconomic environment and heightened volatility in financial markets, including rising inflation and interest rates. The financial and operating results for the year ended March 31, 2021 and 2022 were severely impacted by these conditions in the domestic and global economy and the travel industry.
The extent of the effects of the COVID-19 pandemic on our business, results of operations, cash flows and growth prospects remain uncertain and would be dependent on future developments. These include, but are not limited to, the severity, extent and duration of the pandemic, its impact on the travel industries and consumer spending, rates of vaccination, the occurrence of new mutations or variants and the effectiveness of vaccinations against various mutations or variants of the COVID-19 pandemic. While many countries including India have made progress in vaccinating their residents against COVID-19, efficacy of the vaccines against new mutations or variants of the virus and other factors may contribute to delays in complete economic recovery.
Management believes that the estimates used in the preparation of these consolidated financial statements are reasonable, and management has made assumptions about the possible effects of the COVID-19 pandemic on critical and significant accounting estimates. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the Group’s consolidated financial statements. |
Significant Accounting Policies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Significant Accounting Policies | 3) SIGNIFICANT ACCOUNTING POLICIES
The accounting policies have been applied consistently to all periods presented in these consolidated financial statements, except as mentioned otherwise. (a) Basis of Consolidation i) Subsidiaries
The Group consolidates entities which it owns or controls. Control exists when the parent has power over the entity, is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Entities are consolidated from the date on which control commences until the date on which control ceases. ii) Investment in Associates (Equity - Accounted Investees)
Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies.
Investments in associates are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost which includes transaction costs and adjusted thereafter to recognise the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates are recognised as a reduction in the carrying amount of the investment. Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
The consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income of equity accounted investees, other adjustments to align the accounting policies with those of the Group, from the date on which significant influence commences until the date on which significant influence ceases. iii) Non-controlling Interests
Non-controlling interests are measured initially at their proportionate share of the acquiree's identifiable net assets at the acquisition date. Change in the Group's interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. When the Group loses control over a subsidiary, it derecognizes assets and liabilities of the subsidiary, and any related non-controlling interests and other components of equity. Any resulting gain or loss is recognized in the profit or loss. Any retained interest in the former subsidiary is remeasured at fair value when control is lost.
Subsequent to acquisition, the carrying amount of non-controlling interest is the amount of those interests at initial recognition plus the non-controlling interest’s share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if it results in the non-controlling interest having a deficit balance.
Acquisition of some or all of the non-controlling interests is accounted for as a transaction with equity holders in their capacity as equity holders. Consequently, the difference arising between the fair value of the purchase consideration paid and the carrying value of the non-controlling interests is recorded as an adjustment to retained earnings that is attributable to the Parent Company. The associated cash flows are classified as financing activities. No goodwill is recognized as a result of such transactions. iv) Transactions Eliminated on Consolidation Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. (b) Business Combinations The Group accounts for business combinations using the acquisition method as at the acquisition date, when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs. The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
The cost of an acquisition is measured at the fair value of the assets acquired, equity instruments issued and liabilities incurred or assumed at the date of acquisition. The cost of acquisition also includes the fair value of contingent consideration and deferred consideration, if any. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at fair value at the date of acquisition. Any gain on bargain purchase is recognized in the profit or loss immediately.
Transaction costs incurred in connection with a business combination are expensed as incurred, except if related to the issue of debt or equity securities.
If share-based payment awards (replacement awards) are required to be exchanged for awards held by the acquiree’s employees (acquiree’s awards), then all or a portion of the amount of the acquirer’s replacement awards is included in measuring the consideration transferred in the business combination. This determination is based on the market-based measure of the replacement awards compared with the market-based measure of the acquiree’s awards and the extent to which the replacement awards relate to pre-combination service. (c) Foreign Currency i) Foreign Currency Transactions
Transactions in foreign currencies are translated into the respective functional currencies of the Group entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into the functional currency at the exchange rate at that date. Non-monetary assets that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Foreign currency differences arising on translation are presented with finance costs in profit or loss, except for the differences on investment in equity securities designated at FVOCI wherein any exchange component of gain or loss is recognized in Other Comprehensive Income (OCI) (except on impairment, in which case foreign currency differences that have been recognised in OCI are reclassified to profit or loss). Non-monetary items that are measured based on historical cost in a foreign currency are not translated. ii) Foreign Operations
The assets and liabilities of foreign operations, including goodwill and fair value adjustment arising on acquisition, are translated to USD at exchange rates at the reporting date. The income and expenses of foreign operations are translated to USD at an average exchange rate applicable during the period.
Foreign currency differences are recognized in other comprehensive income as foreign currency translation reserve (FCTR). However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the translation difference is allocated to non-controlling interest. When a foreign operation is disposed of, in part or in full, the relevant amount in the FCTR is transferred to profit or loss as part of the profit or loss on disposal. (d) Financial Instruments
i) Recognition and initial measurement
Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument.
A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.
ii) Classification and subsequent measurement
Financial assets
On initial recognition, a financial asset is classified as measured at: amortised cost; FVOCI – debt investment; FVOCI – equity investment; or FVTPL.
Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model.
A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:
• it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
• it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in Other Comprehensive Income (OCI). This election is made on an investment-by-investment basis.
All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets – Assessment whether contractual cash flows are solely payments of principal and interest
For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers:
• contingent events that would change the amount or timing of cash flows; • terms that may adjust the contractual coupon rate, including variable-rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse features).
Financial assets – Subsequent measurement and gains and losses
Financial assets at amortised cost
These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Debt investments at FVOCI
These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognised in profit or loss. Other net gains and losses are recognised in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Financial assets at FVTPL
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss. Equity investments at FVOCI
These assets are subsequently measured at fair value. Dividends are recognised as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognised in OCI and are never reclassified to profit or loss.
Financial liabilities – Classification, subsequent measurement and gains and losses
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.
Where the Group has written put option over non-controlling interest, a put option liability is recorded as financial liability. The Group considers whether the ownership risks and rewards of the shares relating to the put option remains with non-controlling interest or is transferred to the Parent. At the time of initial recognition, equity is debited in case ownership risks and rewards of the shares relating to put option remains with the non-controlling interest. However, where the ownership risks and rewards of the shares relating to put option have been transferred to the Parent, non-controlling interest is adjusted up to the balance of financial liability and differential is debited to equity. The Group has opted to carry the put option liability at fair value. Subsequent to initial recognition, the Group has chosen an accounting policy to recognise changes in the carrying amount of the put option liability within equity. iii) Derecognition
Financial assets
The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.
Financial liabilities
The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value.
On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.
iv) Offsetting
Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. v) Share Capital Ordinary shares Ordinary shares are classified as equity with par value of $0.0005 per share. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity. Class B Convertible Ordinary Shares Class B Convertible Ordinary shares (“Class B shares”) are classified as equity with par value of $0.0005 per share. The terms of issue generally provide that the Class B shares issued to any shareholder will have the same powers and relative participation rights as ordinary shares of the Company and shall vote together with ordinary shares as a single class on all matters on which the Company shareholders are entitled to vote, except as required by applicable law. Class B shares will be convertible into an equal number of ordinary shares, which shall be fully paid, non-assessable and free of any preemptive rights, of the Company on demand at the election of the holder, and will be automatically converted into an equal number of ordinary shares upon the transfer of Class B shares to another party. Incremental costs directly attributable to the issue of Class B shares are recognized as a deduction from equity. Repurchase and reissue of share capital (treasury shares) When share capital recognized as equity is repurchased, the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented in the reserve for own shares. When treasury shares are sold or reissued subsequently, the amount received is recognised as an increase in equity and the resulting surplus or deficit on the transaction is presented within share premium. vi) Compound financial instruments
Compound financial instruments issued by the Group comprise convertible notes denominated in USD that can be converted to ordinary shares at the option of the holder at any point of time. The number of shares to be issued is fixed and is subject to certain adjustments in connection with a make-whole fundamental change or any conversion rate adjustments (in each case, as described in the indenture relating to the convertible notes) and does not vary with changes in fair value. The liability component of compound financial instruments is initially recognised at the fair value of a similar liability that does not have an equity conversion option. The equity component is initially recognised at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component. Any directly attributable transaction costs are allocated to the liability and equity components in proportion to their initial carrying amounts.
Subsequent to initial recognition, the liability component of a compound financial instrument is measured at amortised cost using the effective interest method. The equity component of a compound financial instrument is not remeasured. Interest related to the financial liability is recognised in profit or loss.
(e) Property, Plant and Equipment i) Recognition and Measurement
Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. The cost includes expenditure that is directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalized as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.
Gains and losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognized net within “other income/other operating expenses” in the Statement of Profit or Loss and Other Comprehensive Income.
Advances paid towards the acquisition of property, plant and equipment outstanding at each reporting date and the cost of property, plant and equipment not ready to use before such date are disclosed as capital work in progress under property, plant and equipment.
Items of property, plant and equipment acquired in a business combination are measured at fair value as at the date of acquisition. ii) Subsequent Costs Subsequent expenditure is recognized as an increase in the carrying amount of the asset when it is probable that future economic benefits deriving from the cost incurred will flow to the enterprise and the cost of the item can be reliably determined. The carrying amount of the replaced part is derecognized. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred. iii) Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset or other amount substituted for cost, less its residual value.
Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives for each component of property, plant and equipment since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. Land is not depreciated. The estimated useful lives of assets are as follows:
Leasehold improvements are depreciated over the lease term or useful lives of the leasehold improvements, whichever is shorter. Depreciation methods, useful lives and residual values are reviewed at each financial year end and adjusted as appropriate.
(f) Intangible Assets and Goodwill i) Goodwill Goodwill represents excess of the cost of acquisition over the Group’s share in the fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities. If the excess is negative, a bargain purchase gain is recognized immediately in profit or loss. Subsequent to initial recognition, goodwill is measured at cost less accumulated impairment losses. ii) Technology related Development Cost Technology related development costs incurred by the Group are measured at cost less accumulated amortization and accumulated impairment losses. Cost includes expenses incurred during the development stage. The costs related to planning and post implementation phases of development are expensed as incurred.
Expenditure on research activities are recognized in profit or loss as incurred.
Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditure is capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The expenditure capitalized include the cost of materials, direct labour, overhead costs that are directly attributable to preparing the asset for its intended use, and capitalized borrowing cost.
Incidental operations are not necessary to bring an asset to the condition necessary for it to be capable of operating in the manner intended by management, the income and related expenses of incidental operations are recognized immediately in profit or loss, and included in their respective classifications of income and expense. iii) Other Intangible Assets Other intangible assets mainly comprise software that are acquired by the Group and intangible assets including customer relationship, brand/trade mark and non-compete acquired in a business combination.
Software has finite useful lives and is measured at cost less accumulated amortization and accumulated impairment losses. Cost includes any directly attributable expenses necessary to make the assets ready for use.
Intangible assets acquired in a business combination are measured at fair value as at the date of acquisition. Following initial recognition, these intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses, if any. iv) Subsequent Expenditure Subsequent expenditure is capitalized only when it is probable that future economic benefits derived from the cost incurred will flow to the enterprise and the cost of the item can be reliably determined. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred. v) Amortization Amortization of assets, other than goodwill, is calculated over the cost of the intangible assets, or other amount substituted for cost, less its residual value.
Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives are as follows:
Amortization methods, useful lives and residual values are reviewed at each financial year-end and adjusted as appropriate. (g) Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated selling expenses.
(h) Impairment
i) Non-derivative financial assets
Financial instruments and contract assets
The Group recognises loss allowances for ECLs on:
• financial assets measured at amortised cost; • debt investments measured at FVOCI; and • contract assets. The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured as 12-month ECLs:
• debt securities that are determined to have low credit risk at the reporting date; and • other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. The Group has elected to measure loss allowances for trade receivables and contract assets at an amount equal to lifetime ECLs.
When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information.
The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due.
The Group considers a financial asset to be in default when:
• the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or • the financial asset is more than 90 days past due. The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk.
Measurement of ECLs
ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive).
ECLs are discounted at the effective interest rate of the financial asset.
Credit-impaired financial assets
At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.
Presentation of allowance for ECL in the statement of financial position
Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.
For debt securities at FVOCI, the loss allowance is recognised in other comprehensive income. Write-off
The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. The Group expects no significant recovery from the amount written off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with the Group’s procedures for recovery of amounts due.
ii) Non-financial assets
The carrying amounts of the Group’s non-financial assets, primarily property, plant and equipment, technology related development cost and other intangible assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment. An impairment loss is recognized if the carrying amount of an asset or cash generating unit (CGU) exceeds its recoverable amount.
The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assumptions of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Subject to an operating segment ceiling test, CGUs to which goodwill has been allocated are aggregated to that level at which impairment testing is performed which reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to the group of CGUs that are expected to benefit from the synergies of the combination.
Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis.
An impairment loss in respect of goodwill is not reversed. For other assets an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
(i) Employee Benefits i) Defined Contribution Plans Obligations for contributions to defined contribution plans are recognized as personnel expense in profit or loss in the periods during which services are rendered by employees. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. ii) Defined Benefit Plans A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group’s gratuity scheme is a defined benefit plan. The Group’s net obligation in respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.
The calculation of defined benefit obligations is performed half yearly by a qualified actuary using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of economic benefits, consideration is given to any applicable minimum funding requirements.
Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognised immediately in other comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the year to the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognised in profit or loss.
When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.
The discount rate is based on the prevailing market yields of Indian government securities as at the reporting date that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. iii) Other Long-term Employee Benefits Benefits under the Group’s compensated absences policy constitute other long term employee benefits. The Group’s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any related assets is deducted. The discount rate is based on the prevailing market yields of Indian government securities as at the reporting date that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which benefits are expected to be paid. The calculation is performed using the projected unit credit method. Any actuarial gains or losses are recognized in profit or loss in the period in which they arise. iv) Short-term Employee Benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. v) Share Based Payment The grant date fair value of share-based payment awards granted to employees is recognized as personnel expense, with a corresponding increase in equity, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that do meet the related service and non-market performance conditions at the vesting date. The increase in equity recognized in connection with a share based payment transaction is presented in the share based payment reserve, as a separate component in equity. vi) Termination benefits Termination benefits are expensed at the earlier of when the Group can no longer withdraw the offer of those benefits/when the Group recognises costs for a restructuring. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted.
(j) Provisions and Contingent Liabilities A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assumptions of the time value of money and the risks specific to the liability. The unwinding of discount is recognized as finance cost.
The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation.
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
A provision for onerous contract is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract, which is determined based on incremental costs of fulfilling the obligation under the contract and an allocation of other costs directly related to fulfilling the contract.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more future events not wholly within the control of the Group. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. (k) Revenue from contracts with customers
The Group provides travel products and services to leisure and corporate travelers in India and abroad. The revenue from rendering these services is recognized in the profit or loss upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services. This is generally the case: 1) on the date of departure for tours and packages, 2) date of check-in for hotel booking business, 3) on the issuance of the ticket in the case of sale of airline tickets and 4) date of journey in case of sale of bus tickets. The Group considers both the traveler and travel supplier to be its customers.
Income from the sale of airline tickets including commission earned and convenience fees is recognized as an agent on a net basis when the traveler books the airline ticket as the performance obligation is satisfied by the Group on issuance of an airline ticket to the traveler.
Income from hotel reservations including commission earned and convenience fees is recognized on a net basis as an agent on the date of check-in as the performance obligation is satisfied by the Group on the date of check-in by the traveler.
Income from tours and packages, including income on airline tickets sold to the travelers as a part of tours and packages is accounted on gross basis as the Group controls the services before such services are transferred to the traveler.
Income from hotels and packages also includes amounts received from hotel suppliers against online promotions of hotels brands on the Company’s website.
Income from bus ticketing, including commissions and fees earned from bus operators and convenience fees earned from the traveler is recognized on a net basis as an agent on the date of journey as the performance obligation is satisfied by the Group on the date of journey by the traveler.
Revenue relating to contracts with travel suppliers which include incentive payments are accounted for as variable consideration when the amount of revenue to be recognized can be estimated to the extent that it is probable that a significant reversal of any incremental revenue will not occur.
Income from other sources of the Group, primarily comprising advertising revenue, fees for facilitating access to its internet based platforms to travel insurance companies and marketing alliance fees is recognized as the services are performed as per the terms of the contracts with respective supplier.
Income from rail tickets, including convenience fees earned from the traveler is recognized on a net basis as an agent on the date of journey as the performance obligation is satisfied by the Group on the date of journey by the traveler.
Income from sale of airline tickets, hotel reservations, bus ticketing and rail ticketing is recorded on net basis (i.e., the amount billed to a traveler less amount paid to a supplier), except for certain category of transactions as discussed above, as the supplier is primarily responsible for providing the underlying travel services and the Group does not control the service provided by the supplier to the traveler.
The Group provides loyalty programs under which participating customers earn loyalty points on current transactions that can be redeemed for future qualifying transactions. Under its customer loyalty programs, the Group allocates a portion of the consideration received to loyalty points that are redeemable against any future purchases of the Group’s services. This allocation is based on the relative stand-alone selling prices. The amount allocated to the loyalty program is deferred, and is recognised as revenue when loyalty points are redeemed or expire.
Revenue is recognized net of cancellations, refunds, discounts, incentives and taxes. However, when the discount and other incentives offered to the traveler are higher than the income earned from the customers, the excess (i.e., the discount/incentive given to a traveler less income earned from the customers) on an individual transaction basis is classified under marketing and sales promotion expenses.
In the event of cancellation of airline tickets, revenue recognized in respect of commissions earned by the Company on such tickets is reversed and is netted off from the revenue earned during the fiscal period at the time the cancellation is made by the customers. The revenue from the sale of tours and packages, hotel reservations and bus ticketing is recognized on the customer’s departure, check-in date and date of journey respectively. Cancellations, if any, do not impact revenue recognition since revenue is recognized upon the availment of services by the customer.
(l) Marketing and Sales Promotion Costs
Marketing and sales promotion costs comprise internet, television, radio and print media advertisement costs as well as event driven promotion cost for Group’s products and services. These costs include online video and display advertising on websites, television, print formats, search engine marketing, referrals from meta search and travel research websites and any other media cost such as public relations and sponsorships. Additionally, the Group also incurs customer inducement costs for acquiring customers and promoting transactions across various booking platforms such as upfront cash incentives and select loyalty program costs. Such customer inducement/acquisition costs for acquiring customers and promoting transactions across various booking platforms such as upfront cash incentives and select loyalty program costs, when incurred are recorded as a reduction / deferral of revenue. In addition, when the discount and other incentives offered to the traveler are higher than the income earned from the customers, the excess (i.e., the discount/incentive given to a traveler less income earned from the customers) on an individual transaction basis is classified under marketing and sales promotion expenses. (m) Leases
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset.
As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. However, for the leases of property, the Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the lease commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.
The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.
Lease payments included in the measurement of the lease liability comprise the following:
• fixed payments, including in-substance fixed payments; • variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • amounts expected to be payable under a residual value guarantee; and • the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. The lease liability is subsequently measured at amortised cost using the effective interest method.
The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
Further, where a lease contract is modified and the lease modification is not accounted for as a separate lease, the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. Where the scope of the lease is decreased, corresponding impact is made on the carrying amount of the related right-of-use asset to reflect the partial or full termination of the lease for lease modifications and gain or loss relating to the partial or full termination of the lease recognised in profit or loss. Where the scope of the lease is not decreased, corresponding adjustment is made to the related right-of-use asset with no impact on profit or loss.
The Group presents right-of-use assets that do not meet the definition of investment property in property, plant and equipment and lease liabilities in loans and borrowings in the statement of financial position.
(n) Finance Income and Costs
Finance income comprises interest income on funds invested, foreign currency gains (net) and change in financial asset/liability.
Finance costs comprise interest expense on borrowings, foreign currency losses (net), change in financial asset/liability, impairment losses recognized on financial assets, including trade and other receivables and cost related to public offerings. Foreign currency gains and losses are reported on a net basis.
Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in profit or loss using the effective interest method.
Interest income and cost is recognized as it accrues in profit or loss, using the effective interest method.
The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to:
i) the gross carrying amount of the financial asset; or ii) the amortised cost of the financial liability.
(o) Income Taxes
Income tax expense comprises current and deferred taxes. Current and deferred tax expense is recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or other comprehensive income, in which case it is recognized in equity or in other comprehensive income.
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years.
Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and differences relating to investments in subsidiaries, associates to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.
Deferred tax liabilities and assets are not recognised for temporary differences between the carrying amount and tax bases of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.
A deferred tax asset is recognized for unused tax losses and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Unrecognised deferred tax assets are reassessed at each reporting date and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used.
(p) Earnings (Loss) Per Share The Group presents basic and diluted earnings (loss) per share (EPS) data for its ordinary shares (including Class B shares). Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders (including Class B shareholders) of the Company by the weighted average number of ordinary shares (including Class B shares) outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders (including Class B shareholders) and the weighted average number of ordinary shares (including Class B shares) outstanding after adjusting for the effects of all potential dilutive ordinary shares (including Class B shares). (q) Operating Segments
In accordance with IFRS 8 – Operating Segments, the operating segments used to present segment information are identified on the basis of internal reports used by the Group’s management to allocate resources to the segments and assess their performance. An operating segment is a component of the Group that engages in business activities from which it earns revenues and incurs expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. Results of the operating segments are reviewed regularly by the Group’s executive officers comprising of Group Executive Chairman (till March 31, 2022), Group Chief Executive Officer and Group Chief Financial Officer, which has been identified as the chief operating decision maker (CODM), to make decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is available.
The Group has three reportable segments, i.e. air ticketing, hotels and packages and bus ticketing. In addition, the Group has made relevant entity-wide disclosures (refer note 6).
Segment results that are reported to the CODM include items directly attributable to a segment.
Revenue directly attributable to the segments is considered segment revenue. Income from tours and packages is measured on a gross basis and any commission earned on hotel reservations booked is recognized on a net basis as an agent on the date of check in. Segment revenue of air ticketing segment is measured on a net basis. Segment revenue of bus ticketing segment is measured on a net basis as an agent on the date of journey.
Service cost includes cost of airline tickets, amounts paid to hotels and other service providers and other cost of providing services. Operating expenses other than service cost have not been allocated to the operating segments and are treated as unallocated/ common expenses. For the purposes of the CODM review, the measure of segment revenue (which includes adding back certain promotion expenses reported as a reduction of revenue) as reduced by service cost is a key operating metric, which is sufficient to assess performance and make resource allocation decisions.
Segment capital expenditure does not include cost incurred during the period to acquire property, plant and equipment, goodwill and intangible assets as they cannot be allocated to segments and is not reviewed by the CODM.
Segment assets do not include property, plant and equipment, goodwill, intangible assets, trade and other receivables, contract assets, term deposits, tax assets, corporate assets, other current assets and other non-current assets as they cannot be allocated to segments and are not reviewed by the CODM. Segment liabilities do not include trade and other payables, contract liabilities, employee benefits, accrued expenses, deferred revenue, loans and borrowings and other liabilities as they cannot be allocated to segments and are not reviewed by the CODM.
(r) Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value, and funds in transit.
(s) Cash Flow Statement Cash flows are reported using the indirect method, whereby profit for the year is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. (t) New Accounting Standards and Interpretations Not Yet Adopted
Amendment to IAS 1
On January 23, 2020, the International Accounting Standards Board (IASB) has issued “Classification of liabilities as Current or Non-Current (Amendments to IAS 1)” providing a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangement in place at the reporting date. The amendments aim to promote consistency in applying the requirements by helping companies to determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The amendments also clarified the classification requirements for debt a company might settle by converting it into equity. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2024 and are to be applied retrospectively, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2024. The Group is currently evaluating the impact of amendments to IAS 1 on its consolidated financial statements.
Amendments to IAS 1
On February 12, 2021, the IASB had issued amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements, which requires the entities to disclose their material accounting policies rather than their significant accounting policies. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of these amendments and there will be no material impact on its consolidated financial statements.
Amendments to IAS 8
On February 12, 2021, the IASB had issued amendments to IAS 8 Accounting Policies, Changes in Accounting estimates and Errors which introduced a definition of ‘accounting estimates’ and included amendments to IAS 8 to help entities distinguish changes in accounting policies from changes in accounting estimates. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of these amendments and there will be no material impact on its consolidated financial statements.
Amendments to IAS 12
In May 7, 2021, the IASB had issued amendments IAS 12 Income Taxes to provide a further exception from the initial recognition exemption. Under the amendments, an entity does not apply the initial recognition exemption for transactions that give rise to equal taxable and deductible temporary differences. These amendments clarify that Companies are required to recognise deferred tax on transactions such as leases and decommissioning obligations. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of this amendment and there will be no material impact on its consolidated financial statements. |
Determination of Fair Values |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Disclosure Of Determination Of Fair Value Measurement [Abstract] | |
| Determination of Fair Values | 4) DETERMINATION OF FAIR VALUES A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. The Group has an established control framework with respect to the measurement of fair values. This includes a finance team that has overall responsibility for overseeing all significant fair value measurements with the help of external independent valuer, including level 3 fair values, and reports directly to the Group Chief Financial Officer. The valuation team regularly reviews significant unobservable inputs and valuation adjustments. Significant valuation issues are reported to the Group's Audit committee. When measuring the fair value of an asset or a liability, the group uses market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: • Level 1: quoted prices (Unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). • Level 3: Inputs for the assets or liability that are not based on observable market data (Unobservable Inputs). If the inputs used to measure the fair value of an asset or a liability might be categorized in different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The Group recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability. a) Property, Plant and Equipment The fair value of items of property, plant and equipment acquired in business combination is based on the cost approaches using the quoted market prices for similar items when available and depreciated replacement cost when appropriate. Depreciated replacement cost reflects adjustments for physical deterioration as well as functional and economic obsolescence. b) Intangible Assets The fair value of trademark and brand names acquired in business combinations is based on the discounted estimated royalty payments that are expected to be avoided as a result of the trademark / brand names being owned. The fair value of customer relationships acquired in a business combination is determined using the multi-period excess earnings method, whereby the subject asset is valued after deducting a fair return on all other assets that are part of creating the related cash flows. The fair value of non-compete agreements acquired in a business combination is determined using the comparative income differential method. The fair value of technology acquired in business combinations is determined using the replacement cost method and/or relief from royalty method. c) Non Derivative Financial Liabilities Fair values are calculated based on the present value of the expected future payments, discounted using a risk-adjusted discount rate and Monte-Carlo simulation valuation model. d) Share Based Payment Transactions The fair value of restricted stock units (RSUs) given under MakeMyTrip 2010 Share Incentive Plan (“Share Incentive Plan”) is calculated by multiplying the number of units given with the Company’s share price on the date of grant. The fair value of Employee Stock Options (ESOPs) given under Share Incentive Plan is measured using Black Scholes Model. Service and non-market performance conditions attached to the arrangements were not taken into account in measuring fair value. e) Trade and Other Receivables The fair value of trade and other receivables is estimated as the present value of future cash flows, discounted at the market rate of interest at the reporting date. f) Investment in Equity Securities The fair value of investment in equity securities is determined using valuation techniques. Valuation techniques employed include market multiples and discounted cash flows analysis using expected future cash flows and a market related discount rate. |
Financial Risk Management |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Financial Risk Management [Abstract] | |
| Financial Risk Management | 5) FINANCIAL RISK MANAGEMENT Overview
In the normal course of its business, the Group is exposed to liquidity, credit and market risk (interest rate and foreign currency risk), arising from financial instruments.
Liquidity Risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risk to the Group’s reputation. The objective of Group is to ensure liquidity which is sufficient to meet Group operational requirements in short-term and long-term.
To ensure smooth operations, the Group has invested surplus funds in term deposits with banks and has taken bank guarantees, bank overdraft facility, and other facilities against them.
Credit Risk
Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligation. The Group’s exposure to credit risk is limited, as its customer base consists of a large number of customers and the majority of its collections from customers are made on an upfront basis at the time of consummation of the transaction. There is limited credit risk on sales made to corporate customers, incentives due from the airlines and its Global Distribution System (GDS) providers. The Group has not experienced any significant default in recovery from such customers. Trade receivables have been valued after making provision for allowances based on factors like ageing, historical pattern of credit loss, likelihood of increased credit risk considering impact of COVID–19 pandemic, expected realizability and nature of customers. The objective behind credit risk management is to reduce the Group’s losses which could follow from customers’ insolvency.
Additionally, the Group places its cash and cash equivalents (except cash in hand) and term deposits with banks with high investment grade ratings, limits the amount of credit exposure with any one bank and conducts ongoing evaluation of the credit worthiness of the banks with which it does business. Given the high credit ratings of these financial institutions, the Group does not expect these financial institutions to fail in meeting their obligations. The maximum exposure to credit risk is represented by the carrying amount of each financial asset.
Market Risk
Market risk is the risk that changes in market prices such as foreign exchange rate and interest rate will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return on risk. • Foreign Currency Risk The Group is exposed to currency risk to the extent that there is a mismatch between the currencies in which sales, purchase of services and borrowings are denominated and the respective functional currencies of Group companies. The functional currencies of Group companies are primarily Indian Rupees (INR), USD and Emirati Dirham (AED). The currencies in which these transactions are primarily denominated are INR, USD and AED.
The Group currently does not have hedging or similar arrangements with any counter-party to cover its foreign currency exposure fluctuations in foreign exchange rates.
• Interest Rate Risk
The Group does not have any variable rate interest bearing financial instruments, hence there is no interest rate risk. |
Operating Segments |
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| Disclosure of operating segments [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Segments | 6) OPERATING SEGMENTS The Group has three reportable segments, as described below, which are the Group’s Lines of Business (LoBs). The LoBs offer different products and services, and are managed separately because the nature of products and services, and methods used to distribute the services are different. For each of these LoBs, the Group’s executive officers comprising of Group Executive Chairman (till March 31, 2022), Group Chief Executive Officer and Group Chief Financial Officer review internal management reports and are construed to be the Chief Operating Decision Maker (CODM). LoBs assets, liabilities and expenses (other than service cost) are reviewed on an entity-wide basis by the CODM, and hence are not allocated to these LoBs. Segment revenue from each LoB is reported and reviewed by the CODM on a monthly basis. The following summary describes the operations in each of the Group’s reportable segments: 1. Air ticketing: Primarily through internet based platforms, provides the facility to book domestic and international air tickets. 2. Hotels and packages: Through internet based platforms, call-centers and franchise stores, provides holiday packages and hotel reservations. The revenue related to airline tickets issued as a component of Company developed tours and packages has been assigned to the hotels and packages segment and is recorded on a gross basis. 3. Bus ticketing: Primarily through internet based platforms, provides the facility to book domestic and international bus tickets. Other operations of the Group primarily include income from facilitating access to its internet based platforms to travel insurance companies and other agents, advertisement income from hosting advertisements on its internet websites, fees for technical services from vendors, marketing alliance fees, income from sale of rail tickets, car bookings, arranging foreign currency and other travel related ancillary services. These aforesaid operations do not meet any of the quantitative thresholds to be a reportable segment for any of the periods presented in these consolidated financial statements.
Information about reportable segments:
* For purposes of reporting to the CODM, the segment profitability measure i.e. Adjusted Margin is arrived at by adding back certain customer inducement costs including customers incentives, customer acquisition cost and loyalty program costs, which are recorded as a reduction of revenue and reducing service cost. **Certain loyalty program costs excluded from service cost amounting to Nil (March 31, 2022: Nil and March 31, 2021: USD 91) for “All other segments”. Assets and liabilities are used interchangeably between segments and these have not been allocated to the reportable segments.
Geographical Information: In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers. Segment assets are based on the geographical location of the assets.
* Non-current assets presented above represent property, plant and equipment, intangible assets and goodwill, non-current tax assets, and other non-current assets (excluding financial assets). Major Customers: Considering the nature of business, customers normally include individuals. Further, none of the corporate and other customers account for more than 10% or more of the Group’s revenues. |
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Business Combinations |
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about business combination [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combinations | 7) BUSINESS COMBINATIONS
(a) Acquisition of Quest 2 Travel.com India Private Limited
On April 30, 2019, the Group through one of its Indian subsidiaries acquired 51% equity interest in Quest 2 Travel.com India Private Limited ("Q2T"), a corporate travel management company in India. This business acquisition was conducted by entering into the Share Purchase Agreement (‘SPA’) for a cash consideration of USD 14,699 to the existing shareholders for the sale of their shares in Q2T.
As per the SPA, the Company was required to acquire the remaining 49% shares of Q2T from the existing shareholders in cash for an estimated additional consideration of USD 14,550, which represents its fair value as at the acquisition date, in three equal tranches, over a three year earn-out period ending 2022. The earn-out will be based on valuation linked to future profitability of Q2T. The financial liability in respect of acquisition of these shares has been recognized with corresponding debit to accumulated deficit in the statement of changes in equity as the selling shareholders still have access to the returns associated with the underlying ownership interest. Further, during the year ended March 31, 2021, the Company entered into an amendment agreement with the selling shareholders of Q2T and agreed to extend the earn-out period by one year to period ending 2023.
In the year ended March 31, 2023, the Company acquired an additional 16.33% (March 31, 2022: 16.33%) interest from holders of non-controlling interest in Q2T against settlement of proportionate financial liability for USD 5,035 (March 31, 2022: USD 5,613) in cash, increasing its shareholding from 67.33% to 83.66% (March 31, 2022: 51% to 67.33%). Consequently, the Company has recognised a decrease in non-controlling interest of USD 1,304 (March 31, 2022: USD 1,149) with a corresponding decrease in accumulated deficit by USD 1,522 (March 31, 2022: USD 1,246) and increase in foreign exchange translation reserve by USD 218 (March 31, 2022: USD 97).
(b) Acquisition of Book My Forex Private Limited
On April 5, 2022, the Group through one of its Indian subsidiaries, acquired 51% voting equity stake in Book My Forex Private Limited ('BMF'), a leading online foreign currency exchange service provider in India. This business acquisition was executed by entering into a Share Purchase Agreement (‘SPA’) for a cash consideration of USD 7,711.
This acquisition will help the Group in enhancing the foreign exchange options provided particularly to its outbound travelling customers.
The operations of BMF have been consolidated in the financial statements of the Group from April 5, 2022. During the year ended March 31, 2023, BMF contributed revenue of USD 835 and loss of USD 1,243 to the Group’s results.
The purchase price of the acquisition, net of USD 7,000 cash and cash equivalents acquired was USD 711.
Identifiable assets acquired and liabilities assumed
The acquisition was accounted for under the acquisition method of accounting in accordance with IFRS 3 "Business Combinations". The assets and liabilities of BMF were recorded at their fair value at the date of acquisition.
The purchase price was allocated based on management’s estimates and an independent appraisal of fair values as follows:
* Intangible assets primarily includes brand/trade mark and technology related development cost.
The fair value of the current assets acquired includes trade receivables with a fair value of USD 185, equivalent to gross contractual amount receivable.
The goodwill was attributable mainly to the skills and technical talent of BMF’s work force. Goodwill is not expected to be deductible for income tax purposes.
(c) Acquisition of Simplotel Technologies Private Limited
On September 28, 2022, in addition to its existing equity interest, the Group, through one of its Indian subsidiaries acquired additional voting equity interest in Simplotel Technologies Private Limited ("Simplotel") resulting in 69.6% voting equity stake in Simplotel, a company engaged in building websites and booking technology for hotels. This business acquisition was conducted by entering into the Share Subscription and Purchase Agreement ('SSPA') for a cash consideration of USD 3,905 for acquisition of the additional equity interest. Through this acquisition, the Group aims at providing an extensive offering of technology products and solutions for hotel suppliers ecosystem.
The operations of Simplotel have been consolidated in the financial statements of the Group from September 28, 2022. In the year ended March 31, 2023, Simplotel contributed revenue of USD 717 and profit of USD 117 to the Group’s results. If the acquisition had occurred on April 1, 2022, management estimates that consolidated revenue would have been USD 593,720 and consolidated loss for the year ended March 31, 2023 would have been USD 11,007. In determining these amounts, management has assumed that the fair value adjustments that arose on the date of acquisition would have been the same if the acquisition had occurred on April 1, 2022. The purchase price of the acquisition, net of USD 3,159 cash and cash equivalents acquired was USD 4,280, including fair value of existing equity interest valued at USD 3,534. Identifiable assets acquired and liabilities assumed The acquisition was accounted for under the acquisition method of accounting in accordance with IFRS 3 "Business Combinations". The assets and liabilities of Simplotel were recorded at their fair value at the date of acquisition. The purchase price was allocated based on management’s estimates and an independent appraisal of fair values as follows:
* Intangible assets primarily includes brand/trade mark and technology related development cost. The fair value of the current assets acquired includes trade receivables with a fair value of USD 119, equivalent to gross contractual amount receivable. The goodwill was attributable mainly to the skills and technical talent of Simplotel’s work force. Goodwill is not expected to be deductible for income tax purposes. As per the Shareholder Agreement (SHA), on completion of three years from the date of acquisition, the promoter (as defined in aforesaid SSPA) of Simplotel shall have the right but not the obligation to sell all the shares held by the promoter in Simplotel, in cash for an estimated consideration of USD 4,411, which represents its fair value as at the acquisition date. The consideration will be based on valuation linked to future revenue and profitability of Simplotel. The financial liability in respect of acquisition of these additional shares has been recognized with corresponding debit to accumulated deficit in the statement of changes in equity as the promoter still has access to the returns associated with the underlying ownership interest. |
Investment in Equity-Accounted Investees |
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment in Equity-Accounted Investees | 8) INVESTMENT IN EQUITY-ACCOUNTED INVESTEES The Group has interests in a number of individually immaterial associates. The following table analyses, in aggregate the carrying amount of interests and share of profit (loss) in these associates.
a) Inspirock, Inc. (Inspirock)
In October 2021, Inspirock, Inc. (equity accounted investee of the Company), with the requisite consent of its shareholders (including the Company), was acquired by Klarna Holding Plc. As a result of this transaction, the Company had received a total net consideration of USD 3,865 (net of expenses: USD 24), partly in form of cash of USD 453 (including amount of USD 117 held in escrow account) and USD 3,412 in form of equity shares of Klarna Holding Plc (the company acquiring Inspirock) (refer note 9), in lieu of its shareholding in Inspirock. As a result, Inspirock had ceased to be an associate of the Company and accordingly, the equity method accounting had been discontinued and the investment in Klarna Holding Plc, is now being carried and accounted for as an equity investment at FVTPL under IFRS 9 ‘Financial Instruments’. The Company had recognised a gain of USD 2,251 in the statement of profit or loss and other comprehensive income, on account of discontinuation of equity method of accounting for this investment in the year ended March 31, 2022.
b) Simplotel Technologies Private Limited (Simplotel)
As at September 28, 2022 the Company had equity interest in Simplotel of 41.94% with a carrying amount of USD 1,517. On that date, the Group through one of its Indian subsidiaries acquired additional equity interest in Simplotel, resulting in controlling equity stake. As a result, Simplotel has ceased to be an associate of the Company and accordingly, the equity method accounting has been discontinued. The Company has recognised a gain of USD 2,017 in the statement of profit or loss and other comprehensive income, on account of discontinuation of equity method of accounting. |
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Other Investments |
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Investments | 9) OTHER INVESTMENTS
In August 2011, the Company had invested USD 4,825 and acquired 19.98% equity interest in Le Travenues Technology Private Limited (‘Ixigo’), which owns and operates www.ixigo.com, an online travel booking platform. The investment had been classified and measured at fair value through other comprehensive income. During the year ended March 31, 2022, the Company had sold its entire stake in Ixigo for a cash consideration of USD 38,500 which represents its fair value on the date of disposal. The Company had recorded gain of USD 33,543 in ‘other comprehensive income’ in the year ended March 31, 2022. Transaction related costs of USD 624 had been recorded in the statement of profit or loss and other comprehensive income.
Pursuant to above, the Company had transferred cumulative gain of USD 33,655 from ‘fair value reserve’ to ‘accumulated deficit’ within the equity attributable to the owners of the Company.
The Group’s exposure to risks and fair value measurement is disclosed in note 4, 5 and 34. |
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Revenue |
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | 10) REVENUE The Group’s operations and main revenue streams are described in the last and these annual consolidated financial statements. A. Disaggregation of revenue The Group has three reportable segments, air ticketing, hotels and packages, and bus ticketing. The Group believes that the disaggregation based on the reportable segments best depicts how the nature, amount, timing and uncertainty of the Group's revenues and cash flows are affected by industry, market and other factors. (refer note 6) B. Contract balances The following table provides information about receivables and contract liabilities from contracts with customers.
Contract liabilities primarily relate to the consideration received from customers for travel bookings in advance of the Group's performance obligations, consideration allocated to customer loyalty programs and advance received from Global Distribution System ("GDS") provider for bookings of airline tickets in future which is deferred. As at March 31, 2022, USD 51,900 (March 31, 2021: USD 31,878) of advance consideration received from customers for travel bookings was reported within contract liabilities, USD 42,462 (March 31, 2022: USD 20,506) of which was applied to revenue and USD 5,171 (March 31, 2022: USD 8,228) was refunded to customers during the year ended March 31, 2023. As at March 31, 2023, the related balance was USD 73,850, which is expected to be utilized within a period of one year. As at March 31, 2022, USD 1,338 (March 31, 2021: USD 2,298) of consideration allocated to customer loyalty programs and advance received from GDS provider for booking of airline tickets in future which is deferred was reported within contract liabilities, USD 1,177 (March 31, 2022: USD 1,748) of which was applied to revenue and USD Nil (March 31, 2022: USD 30) was refunded to customers during the year ended March 31, 2023. As at March 31, 2023, the related balance was USD 1,519 , which is expected to be utilized within a period of one year. |
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Other Revenue |
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| Disclosure Of Other Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Revenue | 11) OTHER REVENUE
Note: During the year ended March 31, 2023, the Group regrouped certain items of revenue presented under ‘Other revenue’ to reflect more appropriately the classification of such revenue earned. Comparative amounts have also been regrouped on same basis for consistency. |
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Other Income |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Income | 12) OTHER INCOME
|
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Personnel Expenses |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Personnel Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel Expenses | 13) PERSONNEL EXPENSES
|
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Other Operating Expenses |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Disclosure Of Other Operating Expense [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Operating Expenses | 14) OTHER OPERATING EXPENSES
* The Company had earlier provided for certain arbitral awards amounting to USD 39,204 while continuing to seek legal recourse in its dispute with former shareholders of Hotel Travel Group (HT). On February 15, 2022, the Company and former shareholders of HT have entered into a full and final settlement of all outstanding disputes including withdrawal of all proceedings for a settlement amount of USD 35,500 to be paid to the former shareholders of HT over a period of 18 months ending on September 1, 2023. The excess provision of USD 3,704 had been reversed and the unpaid settlement amount had been reclassified as a financial liability. |
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Depreciation, Amortization and Impairment |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortisation expense [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation, Amortization and Impairment | 15) DEPRECIATION, AMORTIZATION AND IMPAIRMENT
|
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Finance Income and Costs |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Finance Income Expense [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finance Income and Costs | 16) FINANCE INCOME AND COSTS
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Income Tax Benefit (Expense) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Income Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Benefit (Expense) | 17) INCOME TAX BENEFIT (EXPENSE) Income tax recognised in profit or loss
Income tax recognized in other comprehensive income
Income tax directly recognized in equity
Reconciliation of effective tax
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Property, Plant and Equipment |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of detailed information about property, plant and equipment [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment | 18) PROPERTY, PLANT AND EQUIPMENT
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Intangible Assets and Goodwill |
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| Disclosure Of Intangible Assets And Goodwill [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets and Goodwill | 19) INTANGIBLE ASSETS AND GOODWILL
* Represents addition of USD 8,882 (March 31, 2022: USD 8,887) to intangible assets under development, adjusted for amounts capitalized out of intangible assets under development amounting to USD 8,581 (March 31, 2022: USD 8,512).
Impairment testing for CGUs containing goodwill
For the purpose of impairment testing, goodwill is allocated to a CGU representing the lowest level within the Group at which goodwill is monitored for internal management purposes, and which is not higher than the Group’s operating segment.
The allocation of goodwill to the CGUs is as follows:
(a) Air ticketing and Hotels and packages
The recoverable amount of these CGUs was based on its value in use and was determined by discounting the future cash flows to be generated from the continuing use of the CGUs. These calculations use cash flow projections over a period of five years, based on next year financial budgets approved by management, with extrapolation for the remaining period, and an average of the range of assumptions as mentioned below.
The key assumptions used in the estimation of value in use were as follows:
* EBITDA margin is defined as EBITDA as a percentage of adjusted margin.
The above pre-tax discount rate is based on the Weighted Average Cost of Capital (WACC) of comparable market participant, which is adjusted for specific risks. These estimates are likely to differ from future actual results of operations and cash flows.
The cash flow projections included specific estimates for five years and a terminal growth rate thereafter. The terminal growth rate, Adjusted margin growth rate and EBITDA margins were determined based on management's estimate. Budgeted EBITDA margin was based on expectations of future outcomes taking into account past experience, adjusted for anticipated Adjusted margin growth. Adjusted margin growth was projected taking into account the average growth levels experienced in past and the estimated adjusted margin growth for future. The estimation of value in use reflects numerous assumptions that are subject to various risks and uncertainties, including key assumptions regarding expected growth rates and operating margin, expected length and severity of the impact from the COVID-19 pandemic and the shape and timing of the subsequent recovery, as well as other key assumptions with respect to matters outside of the Group's control. It requires significant judgments and estimates, and actual results could be materially different than the judgments and estimates used to estimate value in use.
Based on the above, no impairment was identified as at March 31, 2022 and March 31, 2023 as the recoverable value of the CGUs exceeded the carrying value. No reasonably possible change in any of the above key assumptions would cause the carrying amount of these CGUs to exceed their recoverable amount.
b) ibibo Group – redBus
The recoverable amount of this CGU was based on its value in use and was determined by discounting the future cash flows to be generated from the continuing use of the CGU. These calculations use cash flow projections over a period of five years, based on next year financial budget approved by management, with extrapolation for the remaining period, and an average of the range of assumptions as mentioned below:
The key assumptions used in the estimation of value in use were as follows:
* EBITDA margin is defined as EBITDA as a percentage of adjusted margin.
The above pre-tax discount rate is based on the Weighted Average Cost of Capital (WACC) of comparable market participant, which is adjusted for specific risks. These estimates are likely to differ from future actual results of operations and cash flows.
The cash flow projections included specific estimates for five years and a terminal growth rate thereafter. The terminal growth rate, adjusted margin growth rate and EBITDA margin were determined based on management's estimate. Budgeted EBITDA margin was based on expectations of future outcomes taking into account past experience, adjusted for anticipated revenue growth. Revenue growth was projected taking into account the average growth levels experienced in past and the estimated adjusted margin growth for future. The estimation of value in use reflects numerous assumptions that are subject to various risks and uncertainties, including key assumptions regarding expected growth rates and operating margin, expected length and severity of the impact from the COVID-19 pandemic and the shape and timing of the subsequent recovery, as well as other key assumptions with respect to matters outside of the Group's control. It requires significant judgments and estimates, and actual results could be materially different than the judgments and estimates used to estimate value in use.
Based on the above, no impairment was identified as of March 31, 2022 and March 31, 2023 as the recoverable value of the CGU exceeded the carrying value. The recoverable amount of the CGU exceeds the carrying amount by approximately 52.2% as at March 31, 2023 (March 31, 2022: 53.8%). A decrease of EBITDA margin by 8.8% (March 31, 2022: 8.5%) shall equate the recoverable amount with the carrying amount of the CGU.
c) Other units without significant goodwill
In the year ended March 31, 2019 the Company acquired Bitla Software Private Limited ("Bitla"), a technology service provider to bus operators as wholly owned subsidiary through Redbus India Private Limited (formerly ibibo Group Private Limited). The Company had recognised goodwill on the date of acquisition of USD 6,304.
With effect from February 1, 2023, pursuant to the Scheme of Arrangement ("Scheme") between Redbus India Private Limited (formerly ibibo Group Private Limited) (“Ibibo India”) and MakeMyTrip (India) Private Limited (“MMT India”) approved by The National Company Law Tribunal, India, air ticketing and hotel business of Ibibo India has been transferred to MMT India and Ibibo India continues to run the remaining bus ticketing business, i.e. RedBus business in India.
After such transfer, the management now monitors operations and makes decisions for the combined Bus business of the Group and therefore has reorganized its reporting structure as well to align with the same. Consequently, the goodwill of Bitla having carrying value of USD 5,298 (as at February 1, 2023) was re-allocated to the ibibo Group – redBus CGU and reassessed for impairment at the level of the ibibo Group – redBus CGU. The Group tested goodwill for impairment immediately before and after the reorganisation and concluded that the recoverable amounts of CGUs exceeded their corresponding carrying amounts and therefore there was no impairment recognized. |
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Tax Assets and Liabilities |
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| Disclosure Of Tax Assets And Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Assets and Liabilities | 20) TAX ASSETS AND LIABILITIES Unrecognized Deferred Tax Assets Deferred tax assets have not been recognized in respect of the following items:
During the years ended March 31, 2021, 2022 and 2023, the Company did not recognize deferred tax assets on tax losses carried forward and other temporary differences mainly related to share based payments and employee benefits related to some entities of the Group, because it is not probable that future taxable profits will be available against which these losses can be utilized. Further, deferred tax assets have been recognised only to the extent of deferred tax liabilities in such cases. The above tax losses (including unabsorbed depreciation) as at March 31, 2023 in the subsidiaries will expire at various dates ranging from 2024 to 2042 except for the tax losses amounting to USD 18,119 (March 31, 2022: USD 30,972), which can be carried forward for an indefinite period. Recognized Deferred Tax Assets and Liabilities Deferred tax assets and liabilities are attributable to the following:
Movement in deferred tax assets/(liabilities) during the year
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Trade and Other Receivables |
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Trade And Other Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade and Other Receivables | 21) TRADE AND OTHER RECEIVABLES
The trade receivables primarily consists of dues from airline, corporate and retail customers. Security deposits include amounts paid in advance to suppliers of hotel and other services in order to guarantee the provision of those services. The Group’s exposure to credit and currency risk is disclosed in note 5 and 34. The information related to impairment losses related to trade and other receivables is disclosed in note 16 and 34. Trade and other receivables from related parties are disclosed in note 37. |
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Cash and Cash Equivalents |
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| Cash and cash equivalents [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | 22) CASH AND CASH EQUIVALENTS
As of March 31, 2023, bank balances include USD 453 (March 31, 2022: USD 45) against which mainly letters of credit and bank guarantees have been issued to various airlines.
Funds in transit represents the amount collected from customers through credit cards/net banking which is outstanding as at the year end and credited to Group’s bank accounts subsequent to the year end.
The Group’s exposure to currency risk, credit risk and interest rate risk along with sensitivity analysis for financial assets is disclosed in note 5 and 34. |
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Term Deposits |
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| Term Deposit [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Term Deposits | 23) TERM DEPOSITS
As at March 31, 2023, term deposits amounting to USD 2,727 (March 31, 2022: Nil) marked as lien with National Company Law Appellate Tribunal and USD 1,269 (March 31, 2022: USD 594) pledged mainly with banks against bank guarantees, bank overdraft facility and other facilities.
The Group’s exposure to credit risk and interest rate risk along with sensitivity analysis for financial assets is disclosed in note 5 and 34. |
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Other Current Assets |
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| Other Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets | 24) OTHER CURRENT ASSETS
* Other assets includes amount recoverable of USD 117 (March 31, 2022: USD 117), which is currently in an escrow account (refer note 8 (a)). # Loan given to Saaranya Hospitality Technologies Private Limited (equity-accounted investee) (refer note37). ^ The Company pays advances to airlines for the procurement of airline tickets. These advances are utilized against the subsequent purchase of airline tickets. The outstanding airline advances as at Balance Sheet date includes advances amounting to USD 20,487 advanced to Go Airlines (India) Limited ("Go First"). Out of these advances to Go First, the Company has subsequently utilized USD 12,858. On May 2, 2023, Go First filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal ("NCLT") in India. On May 10, 2023, the NCLT admitted the application and granted protection to Go First by imposing a moratorium against recovery by lessors, lenders, and other creditors of Go First. In addition, the NCLT has appointed a resolution professional (‘RP’) to operate Go First and to maintain Go First as a going concern. It is understood that the RP has prepared a revival plan and is making progress in getting interim funding sanctioned from the Committee of Creditors of Go First for funding the airline’s operations. Since the filing for voluntary insolvency, there have been several developments in favour of for Go First’s possible resumption of operations including relief via moratorium from lease payments, interim approvals for the proposed revival plan and in-principal approval for funding among others including receipt of regulatory approval subject to certain conditions from Director General of Civil Aviation which is the aviation regulator in India. The regulatory approval though subject to conditions such as arrangement of interim funding, ensuring continuing airworthiness of the aircrafts, outcome of the ongoing insolvency resolution proceedings at NCLT and the High Court of Delhi, is critical to the revival process. Considering the above developments, the Company does not believe that there is significant uncertainty with respect to resumption of operations by Go First which could lead to the impairment of the outstanding advances. |
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Other Non-Current Assets |
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non-Current Assets | 25) OTHER NON-CURRENT ASSETS
#Loan given to Saaranya Hospitality Technologies Private Limited (equity-accounted investee) (refer note 37). |
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Capital and Reserves |
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| Disclosure of classes of share capital [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital and Reserves | 26) CAPITAL AND RESERVES A. Share Capital and Share Premium
*less than 1
The Company presently has ordinary shares and Class B Convertible Ordinary Shares (“Class B Shares”) with par value of $0.0005 per share. The terms of issue generally provide that the Class B Shares issued to any shareholder will have the same powers and relative participation rights as ordinary shares of the Company and shall vote together with ordinary shares as a single class on all matters on which the Company shareholders are entitled to vote, except as required by applicable law. The Class B Shares will be convertible into an equal number of ordinary shares, which shall be fully paid, non-assessable and free of any preemptive rights, of the Company on demand at the election of the holder, and will be automatically converted into an equal number of ordinary shares upon the transfer of Class B Shares to another party. Mauritian law mandates that any dividends shall be declared out of the distributable profits, after having set off accumulated losses at the beginning of the accounting period and no distribution may be made unless the Group’s board of directors is satisfied that upon the distribution being made (1) the Company is able to pay its debts as they become due in the normal course of business and (2) the value of the Company’s assets is greater than the sum of (a) the value of its liabilities and (b) Company’s stated capital. Should the Company declare and pay any dividends on ordinary shares, such dividends will be paid in USD to each holder of ordinary shares and Class B shares in proportion to the number of shares held to the total ordinary shares and Class B shares outstanding as on that date. In the event of liquidation of the Company, all preferential amounts, if any, shall be discharged by the Company. The remaining assets of the Company shall be distributed to the holders of Class B shares at par with ordinary shares in proportion to the number of shares held to the total ordinary shares (including Class B shares) outstanding as on that date. B. Nature and purpose of reserves i. Foreign currency translation reserve The translation reserve comprises foreign currency differences arising from the translation of the financial statements of the India, Singapore, Malaysia, Hong Kong, Thailand, the United Arab Emirates, Peru, Colombia, Indonesia, Vietnam and China subsidiaries, from their respective functional currencies to the Company's presentation currency. ii. Fair value reserve The fair value reserve comprises the cumulative net change in the fair value of equity investments at FVOCI. iii. Share-based payment reserve Share-based payment reserve comprises the value of equity-settled share based awards provided to employees including key management personnel, as part of their remuneration. C. Capital management
Equity share capital and other equity are considered for the purpose of Group’s capital management. The Group’s objective for capital management is to manage its capital so as to safeguard its ability to continue as a going concern and to support the growth of the Group. The capital structure of the Group is based on management’s judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain investors, creditors and market confidence. The funding requirements are met through equity, convertible notes and operating cash. The Group’s focus is to keep strong total equity base to ensure independence, security, as well as a high financial flexibility for potential future borrowings, if required without impacting the risk profile of the Group. The Group is not subject to any externally imposed capital requirements. |
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Loss Per Share |
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| Earnings per share [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loss Per Share | 27) LOSS PER SHARE The following is the reconciliation of the loss attributable to ordinary shareholders (including Class B shareholders) and weighted average number of ordinary shares (including Class B shares) used in the computation of basic and diluted loss per share for the years ended March 31, 2021, 2022 and 2023:
For the year ended March 31, 2023, 1,336,069 (March 31, 2022: 1,430,737 and March 31, 2021: 1,965,251) employees share based awards, were excluded from the calculation of diluted weighted average number of ordinary shares as their effect would have been anti-dilutive. For the year ended March 31, 2023, 5,934,810 (March 31, 2022: 5,934,810 and March 31, 2021: 812,988) ordinary shares issuable on conversion of convertible notes, were excluded from the calculation of diluted weighted average number of ordinary shares as their effect would have been anti-dilutive. |
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Loans and Borrowings |
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| Disclosure Of Loans And Borrowings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans and Borrowings | 28) LOANS AND BORROWINGS This note provides information about the contractual terms of Group’s interest bearing loans and borrowings, which are measured at amortized cost. For more information about the Group’s exposure to interest rate, foreign currency and liquidity risk, refer note 5 and 34.
On February 9, 2021, the Company had issued USD 230,000 principal amount 0.00% convertible senior notes (the "Notes") including USD 30,000 in aggregate principal amount of the Notes issued pursuant to the full exercise of the initial purchasers’ option to purchase additional Notes.
The Notes are convertible based upon an initial conversion rate of 25.8035 of the Company’s ordinary shares, par value USD 0.0005 per share (the “ordinary shares”) per USD 1,000 principal amount of Notes (equivalent to a conversion price of approximately USD 38.75 per ordinary share). The Notes will mature on February 15, 2028, unless earlier repurchased, redeemed or converted. The Notes will be convertible into ordinary shares, at the option of the holders, in integral multiples of USD 1,000 principal amount, at any time prior to the close of business on the second business day preceding February 15, 2028. Holders of the Notes have the right to require the Company to repurchase for cash all or part of their Notes on February 15, 2024 and February 15, 2026 (each, a “repurchase date”) at a repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the relevant repurchase date.
The conversion rate will be subject to adjustment upon the occurrence of certain specified events, but will not be adjusted for accrued and unpaid special interest, if any. In addition, in connection with a make-whole fundamental change or following the Company’s delivery of a notice of tax redemption, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Notes “in connection with” such make-whole fundamental change or a notice of tax redemption, as the case may be. Further, the Company may, at its option, redeem the Notes, in whole but not in part, following the occurrence certain tax law changes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date (unless the redemption date falls after a special interest record date but on or prior to the special interest payment date to which such special interest record date relates, in which case the Company will instead pay the full amount of accrued and unpaid special interest, if any, to the holder of record as of the close of business on such special interest record date, and the redemption price will be equal to 100% of the principal amount of the Notes to be redeemed).
Upon the occurrence of a fundamental change, holders may require the Company to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the fundamental change repurchase date.
The Notes are general unsecured obligations of the Company. The Notes rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated in right of payment to the Notes, rank equal in right of payment to any of the Company’s unsecured indebtedness that is not so subordinated, are effectively subordinated in right of payment to any of the Company’s secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally junior to all indebtedness and other liabilities of the Company’s subsidiaries.
The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated conversion feature. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the initial proceeds and recorded as equity component of convertible notes in equity. The resulting discount, together with the allocated issuance costs, are accreted at an effective interest rate of 7.39% over the period from the issuance date to February 15, 2024, the earliest put date of the Notes. The liability component will be accreted up to the principal amount over a remaining period of 0.88 years (March 31, 2022: 1.88 years) representing the first date on which the amount could be required to be paid to the Notes holders. Terms and debt repayment schedule of outstanding loans, lease liabilities and convertible notes:
The bank loans are secured over motor vehicles with a carrying amount of USD 3,014 as at March 31, 2023 (March 31, 2022: USD 1,543).
The information related to contractual maturities of lease liabilities is disclosed in note 34.
Credit facilities The Group has fund based limits with various banks amounting to USD 49,203 as at March 31, 2023 (March 31, 2022: USD 62,461). Additionally, in order to increase Statement of Financial Position flexibility and provide a back-up source of liquidity for any contingencies or investment opportunities, the Group has secured credit and guarantee facilities of USD 70,000 from an affiliate of Group's largest shareholder. As at March 31, 2023 the Group has drawn Nil (March 31, 2022: Nil) against these limits.
As at March 31, 2023, the Group has non fund based limits of USD 39,620 (March 31, 2022: USD 10,670) for bank guarantees, primarily in favour of International Air Transport Association (“IATA”) and other suppliers from various banks, against any payment default by the Company. Against these limits, the Group has pledged certain bank balances, term deposits, property, plant and equipment [excluding land, building, motor vehicles and buildings (right of use)] and trade receivables ("security") of USD 107,683 (March 31, 2022: USD 51,223) of various subsidiaries. However, in case of default, enforcement of security is limited to the extent of amount due against withdrawn limits. As at March 31, 2023 and March 31, 2022, the Parent Company has issued guarantees to banks in respect of credit facilities granted to MakeMyTrip (India) Private Limited and Redbus India Private Limited (formerly ibibo Group Private Limited).
Reconciliation of movements of liabilities to cash flows arising from financing activities:
Changes in cash flows from financing activities
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Other Current Liabilities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities | 29) OTHER CURRENT LIABILITIES
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Other Non-current Liabilities |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Non Current Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non-current Liabilities | 30) OTHER NON-CURRENT LIABILITIES
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Trade and Other Payables |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Trade And Other Payables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade and Other Payables | 31) TRADE AND OTHER PAYABLES
The Group's exposure to currency and liquidity risk related to trade and other payables is disclosed in note 5 and 34. |
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Employee Benefits |
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| Disclosure Of Employee Benefit Plan [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefits | 32) EMPLOYEE BENEFITS
Defined Benefit Plan The Group’s gratuity scheme for the employees of its Indian subsidiaries is a defined benefit plan. The plan in Q2T is funded, whereas plans for the rest of Indian subsidiaries are unfunded. Gratuity is paid as a lump sum amount to employees at retirement or termination of employment at an amount based on the respective employee’s eligible salaries and the years of employment with the Group. A. Movement in the net defined benefit liability The following table shows a reconciliation from the opening balances to the closing balances for the net defined liability and its components:
* Note: On March 17, 2022, the Company has surrendered its plan assets held in Ibibo. The surrender value as at the date of the event has been returned to the Company.
B. Actuarial assumptions
Principal actuarial assumptions are given below:
Assumptions regarding future mortality rates are based on Indian Assured Lives Mortality (2006-08) Ultimate as published by Insurance Regulatory and Development Authority (IRDA).
The actuarial valuation is carried out half yearly by an independent actuary. The discount rate used for determining the present value of obligation under the defined benefit plan is determined by reference to market yields at the end of the reporting period on Indian Government Bonds. The currency and the term of the government bonds is consistent with the currency and term of the defined benefit obligation.
The future salary growth rate takes into account inflation, seniority, promotion and other relevant factors on long-term basis.
The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior period.
C. Sensitivity analysis Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
D. Plan assets
Plan assets comprise the following:
E. Description of plan characteristics
The Gratuity scheme is a final salary defined benefit plan that provides for a lump sum payment made on exit either by way of retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of final salary and the period of service and paid as lump sum at exit.
F. Description of plan associated risks
1. Interest rate risk : The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase.
2. Salary inflation risk : Higher than expected increases in salary will increase the defined benefit obligation.
3. Demographic risk : This is the risk of variability of results due to unsystematic nature of decrements that include mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward and depends upon the combination of salary increase, discount rate and vesting criteria. It is important not to overstate withdrawals because in the financial analysis the retirement benefit of a short career employee typically costs less per year as compared to a long service employee.
G. Expected benefit payments for the year ending:
H. The Group expects to pay USD 68 in contributions to its defined benefit plans in the next annual reporting period.
I. The weighted average duration of the defined benefit obligation is 3.5-8 years (March 31, 2022: 4-7 years). |
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Share Based Payment |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of terms and conditions of share-based payment arrangement [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Based Payment | 33) SHARE BASED PAYMENT Description of the share based payment arrangements Share Option Programs (Equity-Settled) a) MakeMyTrip.com Equity Option Plan (MMT ESOP Plan) In 2000, the Group approved a share option programme in Mauritius, named the MakeMyTrip.com Equity Option Plan (“MMT ESOP Plan”). In June 2009, this plan was expanded in order to issue share options to employees of subsidiaries and directors of the Group. The Group replaced certain share options to acquire shares in its Indian subsidiary held by employees at its subsidiaries with options granted under the MMT ESOP Plan. Total options granted under this plan were 2,703,810 during the year ended March 31, 2010. No options were granted during the years ended March 31 2021, 2022 and 2023, respectively. The number and weighted average exercise price of share options under MMT ESOP plan are as follows:
b) Share Incentive Plan i) Restricted Share Units (RSUs) In 2010, the Group approved a share incentive plan in Mauritius, named the MakeMyTrip 2010 Share Incentive Plan (“Share Incentive Plan”). During the years ended March 31, 2021, 2022 and 2023, the Group granted restricted share units, or RSUs, under the plan to eligible employees. Each restricted share unit represents the right to receive one common share. The fair value of each restricted share unit is the market price of one common share of the Group on the date of grant. Terms and Conditions of the RSUs The terms and conditions relating to the RSUs grants under this Share Incentive Plan are given below:
Notes: Of the RSUs granted during the year ended March 31, 2023: - Nil (March 31, 2022: 2,529 and March 31, 2021: 205,872) RSUs have graded vesting over 4 years: 10% on the expiry of 12 months from the grant date, 20% on the expiry of 24 months from the grant date, 30% on the expiry of 36 months from the grant date, 40% on the expiry of 48 months from the grant date. - 1,120,117 (March 31, 2022: 1,072,635 and March 31, 2021: 484,152) RSUs have graded vesting over 4 years: 25% on the expiry of 12 months from the grant date, 25% on the expiry of 24 months from the grant date, 25% on the expiry of 36 months from the grant date, 25% on the expiry of 48 months from the grant date. - Nil (March 31, 2022: 564,541 and March 31, 2021: Nil) RSUs have graded vesting over 5 years: 20% on the expiry of 12 months from the grant date, 20% on the expiry of 24 months from the grant date, 20% on the expiry of 36 months from the grant date, 20% on the expiry of 48 months from the grant date, 20% on the expiry of 60 months from the grant date. - Nil (March 31, 2022: Nil and March 31, 2021: 251,750) RSUs have graded vesting over 2 years: 25% on the expiry of 6 months from the grant date, 25% on the expiry of 12 months from the grant date, 25% on the expiry of 18 months from the grant date, 25% on the expiry of 24 months from the grant date. - Nil (March 31, 2022: Nil and March 31, 2021: 209,611) RSUs have graded vesting over 1 year: 25% on the expiry of 3 months from the grant date, 25% on the expiry of 6 months from the grant date, 25% on the expiry of 9 months from the grant date, 25% on the expiry of 12 months from the grant date. - Nil (March 31, 2022: Nil and March 31, 2021: 325,444) RSUs have 100% vesting on September 30, 2023, Nil (March 31, 2022: 547,060 and March 31, 2021: 779) RSUs have 100% vesting on September 30, 2024, 335,274 (March 31, 2022: Nil and March 31, 2021: Nil) RSUs have 100% vesting on September 30, 2025 and Nil (March 31, 2022: 225,816 and March 31, 2021: Nil) RSUs have 100% vesting on September 30, 2026. Further, the Group's estimate of the number of shares to be issued is adjusted upward or downward based upon the probability of achievement of the factors like Group performance (revenue, profit and gross merchandise value) of next three financial years and service condition. Maximum shares the employees are eligible to receive under this scheme are 150% of the total RSUs granted. - 163 (March 31, 2022: 861 and March 31, 2021: 583) RSUs were fully vested on the grant date. - These RSUs can be exercised within a period of 48 months from the date of vesting or within a period of 6 months from the date of termination of employment, whichever is earlier.
The number and weighted average exercise price of RSUs under share incentive plan are as follows:
The grant date fair value of RSUs granted during the year is in the range of USD 24.25 to USD 32.62 (March 31, 2022: USD 24.16 to USD 32.97 and March 31, 2021: USD 13.34 to USD 30.92).
The RSUs outstanding at March 31, 2023 have an exercise price per share of USD 0.0005 (March 31, 2022: USD 0.0005 and March 31, 2021: USD 0.0005) and a weighted average contractual life of 3.9 years (March 31, 2022: 4.3 years and March 31, 2021: 4.2 years). During the year ended March 31, 2023, share based payment expense recognized under personnel expenses (refer note 13) amounted to USD 34,651 (March 31, 2022: USD 32,921 and March 31, 2021: USD 28,141) for the RSUs granted under the Share Incentive Plan. ii) Employee Stock Options (ESOPs) In 2010, the Group approved a share incentive plan in Mauritius, named the MakeMyTrip 2010 Share Incentive Plan (“Share Incentive Plan”). Total ESOPs granted under this plan were 21,588 during the year ended March 31, 2020. Each ESOP represents the right to receive one hundred common equity shares of the Group. No options were granted during the years ended March 31 2021, 2022 and 2023, respectively.
The number and weighted average exercise price of ESOPs under share incentive plan are as follows:
The ESOPs outstanding at March 31, 2023 have an exercise price per ESOP of USD 2,229 (March 31, 2022: USD 2,229 and March 31, 2021: USD 2,229) and a weighted average contractual life of 2.4 years (March 31, 2022: 3.4 years and March 31, 2021: 4.5 years).
During the year ended March 31, 2023, share based payment expense recognized under personnel expenses (refer note 13) amounted to USD 966 (March 31, 2022: USD 3,724 and March 31, 2021: USD 7,448) for the ESOPs granted under the Share Incentive Plan.
c) Employee Stock Option Plan 2015 (ESOP Plan 2015) Simplotel, one of the Group’s subsidiary (refer note 7 (c)), approved a share option plan in India, named the Employees Stock Option Plan 2015 (“ESOP Plan 2015”) in the year ended March 31, 2015. During the year ended March 31 2023, no employee stock options were granted to employees. Each stock option represents the right to receive one equity share of the subsidiary. The number and weighted average exercise price of employee stock options under the ESOP Plan 2015 are as follows:
200 stock options have graded vesting over 4 years: 10% will vest on completion of one year from the grant date, remaining stock options will vest quarterly thereafter in the remaining 3 years in the ratio 20% in second year, 30% in third year and 40% in fourth year from the date of grant.
120 stock options have graded vesting over 4 years: 105 stock options will vest on completion of one year from the grant date, remaining 15 stock options will vest equally over the remaining period of 3 years at the end of each year from the grant date thereafter.
The stock options outstanding at March 31, 2023 have an exercise price per stock option of USD 0.1232. The weighted average contractual life of the stock options granted under this plan is 3.9 years.
During the year ended March 31, 2023, share based payment expense recognized under personnel expenses (refer note 13) amounted to USD 26, for the stock options granted under ESOP Plan 2015. |
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Financial Instruments |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of detailed information about financial instruments [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments | 34) FINANCIAL INSTRUMENTS Credit Risk Exposure to Credit Risk The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was:
The cash and cash equivalents and term deposits are mainly held with banks, which are rated F1+, F1, A+, AA-, A-, BBB+ BBB-, BB+, BB-, based on rating agency Fitch ratings. The Group considers that its cash and cash equivalents and term deposits have low credit risk based on the external credit ratings of the counterparties.
The maximum exposure to credit risk for trade and other receivables at the reporting date by type of counterparty was:
Impairment Losses The Group uses a provision matrix to compute the expected credit loss allowance for trade and other receivables. The provision matrix takes into account available external and internal credit risk factors such as credit default and the Group's historical experience with customers. The age of trade and other receivables at the reporting date was:
The movement in the allowance for impairment in respect of trade and other receivables during the year was as follows:
Allowance for impairment mainly represents amounts due from airlines and retail customers. Based on historical experience, the Group believes that no impairment allowance is necessary, apart from above, in respect of trade and other receivables. Liquidity risk
The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements: As at March 31, 2022
Notes: * Represents undiscounted cash flows of interest and principal
As at March 31, 2023
Notes: * Represents undiscounted cash flows of interest and principal
The balanced view of liquidity and financial indebtedness (excluding lease liabilities) is stated in the table below:
In order to achieve Group's objective to maintain sufficient liquidity to meet its liabilities when they are due, the Group has availed various credit facilities (refer note 28).
Currency Risk Exposure to Currency Risk The Group is exposed to currency risk to the extent that there is a mismatch between the currencies in which sales, purchase of services and borrowings are denominated and the respective functional currencies of Group companies. The functional currencies of Group companies are primarily the INR, USD and AED. The currencies in which these transactions are primarily denominated are INR, USD and AED. The Group’s exposure to foreign currency risk was based on the following amounts as at the reporting dates (in equivalent USD): Between USD and INR
* less than 1 Between AED and INR
The following significant exchange rates applied during the year:
Sensitivity Analysis Any change in the exchange rate of USD or AED against currencies other than INR is not expected to have significant impact on the Group’s profit or loss. Accordingly, a 10% appreciation of the USD or AED as indicated below, against the INR would have increased loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables remain constant.
A 10% depreciation of the USD or AED against INR, would have had the equal but opposite effect on the above currency to the amounts shown above, on the basis that all other variables remain constant. Interest Rate Risk
The Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss. Therefore, a change in interest rates at the reporting date would not affect profit or loss.
The Group does not have any variable rate interest bearing financial instruments, hence there is no risk relating to change in interest rates. Fair values Fair Values versus Carrying Amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:
The fair value measurements of financial assets and liabilities reported above have been categorized as Level 1 and Level 3 fair values based on the inputs to the valuation techniques used.
Fair value of trade and other receivables, term deposits, cash and cash equivalents, receivable from related party, other liabilities (related to Hotel Travel Group), trade and other payables, and refund due to customers reasonably approximates to its carrying amount.
The fair value of convertible notes is determined using discounted cash flows. The valuation model considers the present value of expected payments, discounted using a risk-adjusted discount rate. Fair value hierarchy The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). • Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
There were no transfers between Level 1, Level 2 and Level 3 during the year.
The following tables shows a reconciliation from the beginning balances to the ending balances for fair value measurement in Level 3 of the fair value hierarchy:
Valuation Techniques and significant unobservable inputs The following tables show the valuation techniques used in measuring Level 3 fair values as at March 31, 2022 and March 31, 2023, as well as the significant unobservable inputs used. Financial Instruments measured at fair value:
Financial Instruments not measured at fair value:
Notes: * Other financial assets include trade and other receivables, term deposits, cash and cash equivalents, receivable from related party and other investments-other securities. Other financial liabilities include secured bank loans, trade and other payables, refund due to customers, convertible notes, other liabilities (related to Hotel Travel Group) and lease liabilities. Sensitivity Analysis Other investments – equity securities (FVTPL) For the fair values of other investments - equity securities (FVTPL), reasonably possible changes of 100 basis points at the reporting date to the significant unobservable input, holding other inputs constant, would have the following effects:
Other liabilities (related to business combination) - Q2T For the fair values of other liabilities (related to business combinations), reasonably possible changes of 100 basis points at the reporting date to one of the significant unobservable inputs, holding other inputs constant, would have the following effects:
Other liabilities (related to business combination) - Simplotel For the fair values of other liabilities (related to business combinations), reasonably possible changes in significant unobservable inputs at the reporting date, holding other inputs constant, would have the following effects:
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Capital Commitments |
12 Months Ended |
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Mar. 31, 2023 | |
| Capital commitments [abstract] | |
| Capital Commitments | 35) CAPITAL COMMITMENTS Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) aggregate to USD 266 as at March 31, 2023 (March 31, 2022: USD 914). |
Leases |
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| Presentation of leases for lessee [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | 36) LEASES Leases as lessee The Group leases properties for offices. The lease typically runs for a period of 1-12 years. Some leases also include common area maintenance charges along with monthly rentals. Information about leases for which the Group is a lessee is presented below: i) Right-of-use assets The Group presents right-of-use assets that do not meet the definition of investment property in 'property, plant and equipment', the same line item as it presents underlying assets of the same nature that it owns (refer note 18).
ii) Amounts recognised in statement of profit or loss
iii) Amounts recognised in statement of cash flows
iv) Extension option Some property leases contain extension options exercisable by the Group for 3-5 years after the end of the non-cancellable contract period. Where practicable, the Group seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable only by the Group and not by the lessors. The Group assesses at lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control. Impact of COVID-19 pandemic The Group had adopted amendment in IFRS 16 related to COVID 19 – Related Rent Concession which provide lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. It requires lessees that apply the exemption to account for COVID-19-related rent concessions as if they were not lease modifications. Lessees need to disclose that fact and need to apply the exemption retrospectively in accordance with IAS 8, but they do not require to restate prior period numbers. The practical expedient is available only for lease payments originally due up to June 2022, the Group has applied this practical expedient to all those rent concessions that meet the conditions prescribed in the said amendment. Accordingly, the Group has reversed lease liabilities with a corresponding recognition of income in Statement of Profit or Loss and Other Comprehensive Income of USD 24 for the year ended March 31, 2023 (March 31, 2022: USD 240). |
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Related Parties |
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| Disclosure Of Related Party [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Parties | 37) RELATED PARTIES Related parties and nature of related party relationships:
Notes: # nominees of Trip.com Group, Limited (Trip.com)
(A) Transactions with key management personnel:
Key management personnel compensation comprised:
(B) Transactions with entity providing key management personnel services:
(C) Transactions with entity having significant influence over the Company and its subsidiaries:
a) Trip.com and its subsidiaries
^ represents gross amount booked/charged for the air ticketing and hotels and packages transactions.
(D) Transactions with equity-accounted investees and its subsidiaries:
a) Saaranya Hospitality Technologies Private Limited
* less than 1
b) PasajeBus SpA
(E) Terms & conditions All outstanding balances with these related parties are to be settled in cash. None of the balances is secured. No expense has been recognised in the current year or prior year for bad or doubtful debts in respect of amounts owed by related parties. |
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List of Material Subsidiaries |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of subsidiaries [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| List of Material Subsidiaries | 38) LIST OF MATERIAL SUBSIDIARIES
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Code on Social Security 2020 |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Disclosure Of Code Of Social Security2020 [Abstract] | |
| Code on Social Security, 2020 | 39) CODE ON SOCIAL SECURITY, 2020 The Parliament of India has approved the Code on Social Security, 2020 which would impact the contributions by the Group towards defined benefit liability. The effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed. The Group will carry out an evaluation of the impact and record the same in the financial statements in the period in which the Code becomes effective and the related rules are published. |
Significant Accounting Policies (Policies) |
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Mar. 31, 2023 | |||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||
| Basis of Consolidation | (a) Basis of Consolidation i) Subsidiaries
The Group consolidates entities which it owns or controls. Control exists when the parent has power over the entity, is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the ability to direct relevant activities, those which significantly affect the entity's returns. Entities are consolidated from the date on which control commences until the date on which control ceases. ii) Investment in Associates (Equity - Accounted Investees)
Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies.
Investments in associates are accounted for using the equity method. Under the equity method of accounting, the investments are initially recognised at cost which includes transaction costs and adjusted thereafter to recognise the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates are recognised as a reduction in the carrying amount of the investment. Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
The consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income of equity accounted investees, other adjustments to align the accounting policies with those of the Group, from the date on which significant influence commences until the date on which significant influence ceases. iii) Non-controlling Interests
Non-controlling interests are measured initially at their proportionate share of the acquiree's identifiable net assets at the acquisition date. Change in the Group's interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. When the Group loses control over a subsidiary, it derecognizes assets and liabilities of the subsidiary, and any related non-controlling interests and other components of equity. Any resulting gain or loss is recognized in the profit or loss. Any retained interest in the former subsidiary is remeasured at fair value when control is lost.
Subsequent to acquisition, the carrying amount of non-controlling interest is the amount of those interests at initial recognition plus the non-controlling interest’s share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if it results in the non-controlling interest having a deficit balance.
Acquisition of some or all of the non-controlling interests is accounted for as a transaction with equity holders in their capacity as equity holders. Consequently, the difference arising between the fair value of the purchase consideration paid and the carrying value of the non-controlling interests is recorded as an adjustment to retained earnings that is attributable to the Parent Company. The associated cash flows are classified as financing activities. No goodwill is recognized as a result of such transactions. iv) Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment.
Transactions Eliminated on Consolidation |
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| Business Combinations | (b) Business Combinations The Group accounts for business combinations using the acquisition method as at the acquisition date, when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs. The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
The cost of an acquisition is measured at the fair value of the assets acquired, equity instruments issued and liabilities incurred or assumed at the date of acquisition. The cost of acquisition also includes the fair value of contingent consideration and deferred consideration, if any. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at fair value at the date of acquisition. Any gain on bargain purchase is recognized in the profit or loss immediately.
Transaction costs incurred in connection with a business combination are expensed as incurred, except if related to the issue of debt or equity securities.
If share-based payment awards (replacement awards) are required to be exchanged for awards held by the acquiree’s employees (acquiree’s awards), then all or a portion of the amount of the acquirer’s replacement awards is included in measuring the consideration transferred in the business combination. This determination is based on the market-based measure of the replacement awards compared with the market-based measure of the acquiree’s awards and the extent to which the replacement awards relate to pre-combination service. |
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| Foreign Currency | (c) Foreign Currency i) Foreign Currency Transactions
Transactions in foreign currencies are translated into the respective functional currencies of the Group entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into the functional currency at the exchange rate at that date. Non-monetary assets that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Foreign currency differences arising on translation are presented with finance costs in profit or loss, except for the differences on investment in equity securities designated at FVOCI wherein any exchange component of gain or loss is recognized in Other Comprehensive Income (OCI) (except on impairment, in which case foreign currency differences that have been recognised in OCI are reclassified to profit or loss). Non-monetary items that are measured based on historical cost in a foreign currency are not translated. ii) Foreign Operations
The assets and liabilities of foreign operations, including goodwill and fair value adjustment arising on acquisition, are translated to USD at exchange rates at the reporting date. The income and expenses of foreign operations are translated to USD at an average exchange rate applicable during the period.
Foreign currency differences are recognized in other comprehensive income as foreign currency translation reserve (FCTR). However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the translation difference is allocated to non-controlling interest. When a foreign operation is disposed of, in part or in full, the relevant amount in the FCTR is transferred to profit or loss as part of the profit or loss on disposal. |
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| Financial Instruments | (d) Financial Instruments
i) Recognition and initial measurement
Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument.
A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.
ii) Classification and subsequent measurement
Financial assets
On initial recognition, a financial asset is classified as measured at: amortised cost; FVOCI – debt investment; FVOCI – equity investment; or FVTPL.
Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model.
A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:
• it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
• it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in Other Comprehensive Income (OCI). This election is made on an investment-by-investment basis.
All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets – Assessment whether contractual cash flows are solely payments of principal and interest
For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers:
• contingent events that would change the amount or timing of cash flows; • terms that may adjust the contractual coupon rate, including variable-rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse features).
Financial assets – Subsequent measurement and gains and losses
Financial assets at amortised cost
These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Debt investments at FVOCI
These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognised in profit or loss. Other net gains and losses are recognised in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Financial assets at FVTPL
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss. Equity investments at FVOCI
These assets are subsequently measured at fair value. Dividends are recognised as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognised in OCI and are never reclassified to profit or loss.
Financial liabilities – Classification, subsequent measurement and gains and losses
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.
Where the Group has written put option over non-controlling interest, a put option liability is recorded as financial liability. The Group considers whether the ownership risks and rewards of the shares relating to the put option remains with non-controlling interest or is transferred to the Parent. At the time of initial recognition, equity is debited in case ownership risks and rewards of the shares relating to put option remains with the non-controlling interest. However, where the ownership risks and rewards of the shares relating to put option have been transferred to the Parent, non-controlling interest is adjusted up to the balance of financial liability and differential is debited to equity. The Group has opted to carry the put option liability at fair value. Subsequent to initial recognition, the Group has chosen an accounting policy to recognise changes in the carrying amount of the put option liability within equity. iii) Derecognition
Financial assets
The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.
Financial liabilities
The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value.
On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.
iv) Offsetting
Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. v) Share Capital Ordinary shares Ordinary shares are classified as equity with par value of $0.0005 per share. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity. Class B Convertible Ordinary Shares Class B Convertible Ordinary shares (“Class B shares”) are classified as equity with par value of $0.0005 per share. The terms of issue generally provide that the Class B shares issued to any shareholder will have the same powers and relative participation rights as ordinary shares of the Company and shall vote together with ordinary shares as a single class on all matters on which the Company shareholders are entitled to vote, except as required by applicable law. Class B shares will be convertible into an equal number of ordinary shares, which shall be fully paid, non-assessable and free of any preemptive rights, of the Company on demand at the election of the holder, and will be automatically converted into an equal number of ordinary shares upon the transfer of Class B shares to another party. Incremental costs directly attributable to the issue of Class B shares are recognized as a deduction from equity. Repurchase and reissue of share capital (treasury shares) When share capital recognized as equity is repurchased, the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented in the reserve for own shares. When treasury shares are sold or reissued subsequently, the amount received is recognised as an increase in equity and the resulting surplus or deficit on the transaction is presented within share premium. vi) Compound financial instruments
Compound financial instruments issued by the Group comprise convertible notes denominated in USD that can be converted to ordinary shares at the option of the holder at any point of time. The number of shares to be issued is fixed and is subject to certain adjustments in connection with a make-whole fundamental change or any conversion rate adjustments (in each case, as described in the indenture relating to the convertible notes) and does not vary with changes in fair value. The liability component of compound financial instruments is initially recognised at the fair value of a similar liability that does not have an equity conversion option. The equity component is initially recognised at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component. Any directly attributable transaction costs are allocated to the liability and equity components in proportion to their initial carrying amounts.
Subsequent to initial recognition, the liability component of a compound financial instrument is measured at amortised cost using the effective interest method. The equity component of a compound financial instrument is not remeasured. Interest related to the financial liability is recognised in profit or loss. |
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| Property, Plant and Equipment | (e) Property, Plant and Equipment i) Recognition and Measurement
Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. The cost includes expenditure that is directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalized as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.
Gains and losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognized net within “other income/other operating expenses” in the Statement of Profit or Loss and Other Comprehensive Income.
Advances paid towards the acquisition of property, plant and equipment outstanding at each reporting date and the cost of property, plant and equipment not ready to use before such date are disclosed as capital work in progress under property, plant and equipment.
Items of property, plant and equipment acquired in a business combination are measured at fair value as at the date of acquisition. ii) Subsequent Costs Subsequent expenditure is recognized as an increase in the carrying amount of the asset when it is probable that future economic benefits deriving from the cost incurred will flow to the enterprise and the cost of the item can be reliably determined. The carrying amount of the replaced part is derecognized. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred. iii) Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset or other amount substituted for cost, less its residual value.
Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives for each component of property, plant and equipment since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. Land is not depreciated. The estimated useful lives of assets are as follows:
Leasehold improvements are depreciated over the lease term or useful lives of the leasehold improvements, whichever is shorter. Depreciation methods, useful lives and residual values are reviewed at each financial year end and adjusted as appropriate. |
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| Intangible Assets and Goodwill | (f) Intangible Assets and Goodwill i) Goodwill Goodwill represents excess of the cost of acquisition over the Group’s share in the fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities. If the excess is negative, a bargain purchase gain is recognized immediately in profit or loss. Subsequent to initial recognition, goodwill is measured at cost less accumulated impairment losses. ii) Technology related Development Cost Technology related development costs incurred by the Group are measured at cost less accumulated amortization and accumulated impairment losses. Cost includes expenses incurred during the development stage. The costs related to planning and post implementation phases of development are expensed as incurred.
Expenditure on research activities are recognized in profit or loss as incurred.
Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditure is capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The expenditure capitalized include the cost of materials, direct labour, overhead costs that are directly attributable to preparing the asset for its intended use, and capitalized borrowing cost.
Incidental operations are not necessary to bring an asset to the condition necessary for it to be capable of operating in the manner intended by management, the income and related expenses of incidental operations are recognized immediately in profit or loss, and included in their respective classifications of income and expense. iii) Other Intangible Assets Other intangible assets mainly comprise software that are acquired by the Group and intangible assets including customer relationship, brand/trade mark and non-compete acquired in a business combination.
Software has finite useful lives and is measured at cost less accumulated amortization and accumulated impairment losses. Cost includes any directly attributable expenses necessary to make the assets ready for use.
Intangible assets acquired in a business combination are measured at fair value as at the date of acquisition. Following initial recognition, these intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses, if any. iv) Subsequent Expenditure Subsequent expenditure is capitalized only when it is probable that future economic benefits derived from the cost incurred will flow to the enterprise and the cost of the item can be reliably determined. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred. v) Amortization Amortization of assets, other than goodwill, is calculated over the cost of the intangible assets, or other amount substituted for cost, less its residual value.
Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives are as follows:
Amortization methods, useful lives and residual values are reviewed at each financial year-end and adjusted as appropriate. |
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| Inventories | (g) Inventories Inventories are measured at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated selling expenses. |
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| Impairment | (h) Impairment
i) Non-derivative financial assets
Financial instruments and contract assets
The Group recognises loss allowances for ECLs on:
• financial assets measured at amortised cost; • debt investments measured at FVOCI; and • contract assets. The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured as 12-month ECLs:
• debt securities that are determined to have low credit risk at the reporting date; and • other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. The Group has elected to measure loss allowances for trade receivables and contract assets at an amount equal to lifetime ECLs.
When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information.
The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due.
The Group considers a financial asset to be in default when:
• the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or • the financial asset is more than 90 days past due. The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk.
Measurement of ECLs
ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive).
ECLs are discounted at the effective interest rate of the financial asset.
Credit-impaired financial assets
At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.
Presentation of allowance for ECL in the statement of financial position
Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.
For debt securities at FVOCI, the loss allowance is recognised in other comprehensive income. Write-off
The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. The Group expects no significant recovery from the amount written off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with the Group’s procedures for recovery of amounts due.
ii) Non-financial assets
The carrying amounts of the Group’s non-financial assets, primarily property, plant and equipment, technology related development cost and other intangible assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill is tested annually for impairment. An impairment loss is recognized if the carrying amount of an asset or cash generating unit (CGU) exceeds its recoverable amount.
The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assumptions of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Subject to an operating segment ceiling test, CGUs to which goodwill has been allocated are aggregated to that level at which impairment testing is performed which reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to the group of CGUs that are expected to benefit from the synergies of the combination.
Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis.
An impairment loss in respect of goodwill is not reversed. For other assets an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. |
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| Employee Benefits | (i) Employee Benefits i) Defined Contribution Plans Obligations for contributions to defined contribution plans are recognized as personnel expense in profit or loss in the periods during which services are rendered by employees. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. ii) Defined Benefit Plans A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group’s gratuity scheme is a defined benefit plan. The Group’s net obligation in respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets.
The calculation of defined benefit obligations is performed half yearly by a qualified actuary using the projected unit credit method. When the calculation results in a potential asset for the Group, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of economic benefits, consideration is given to any applicable minimum funding requirements.
Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognised immediately in other comprehensive income. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the year to the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognised in profit or loss.
When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.
The discount rate is based on the prevailing market yields of Indian government securities as at the reporting date that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. iii) Other Long-term Employee Benefits Benefits under the Group’s compensated absences policy constitute other long term employee benefits. The Group’s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value, and the fair value of any related assets is deducted. The discount rate is based on the prevailing market yields of Indian government securities as at the reporting date that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which benefits are expected to be paid. The calculation is performed using the projected unit credit method. Any actuarial gains or losses are recognized in profit or loss in the period in which they arise. iv) Short-term Employee Benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. v) Share Based Payment The grant date fair value of share-based payment awards granted to employees is recognized as personnel expense, with a corresponding increase in equity, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that do meet the related service and non-market performance conditions at the vesting date. The increase in equity recognized in connection with a share based payment transaction is presented in the share based payment reserve, as a separate component in equity. vi) Termination benefits Termination benefits are expensed at the earlier of when the Group can no longer withdraw the offer of those benefits/when the Group recognises costs for a restructuring. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted. |
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| Provisions and Contingent Liabilities | (j) Provisions and Contingent Liabilities A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assumptions of the time value of money and the risks specific to the liability. The unwinding of discount is recognized as finance cost.
The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation.
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
A provision for onerous contract is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract, which is determined based on incremental costs of fulfilling the obligation under the contract and an allocation of other costs directly related to fulfilling the contract.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more future events not wholly within the control of the Group. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. |
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| Revenue from contracts with customers | (k) Revenue from contracts with customers
The Group provides travel products and services to leisure and corporate travelers in India and abroad. The revenue from rendering these services is recognized in the profit or loss upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services. This is generally the case: 1) on the date of departure for tours and packages, 2) date of check-in for hotel booking business, 3) on the issuance of the ticket in the case of sale of airline tickets and 4) date of journey in case of sale of bus tickets. The Group considers both the traveler and travel supplier to be its customers.
Income from the sale of airline tickets including commission earned and convenience fees is recognized as an agent on a net basis when the traveler books the airline ticket as the performance obligation is satisfied by the Group on issuance of an airline ticket to the traveler.
Income from hotel reservations including commission earned and convenience fees is recognized on a net basis as an agent on the date of check-in as the performance obligation is satisfied by the Group on the date of check-in by the traveler.
Income from tours and packages, including income on airline tickets sold to the travelers as a part of tours and packages is accounted on gross basis as the Group controls the services before such services are transferred to the traveler.
Income from hotels and packages also includes amounts received from hotel suppliers against online promotions of hotels brands on the Company’s website.
Income from bus ticketing, including commissions and fees earned from bus operators and convenience fees earned from the traveler is recognized on a net basis as an agent on the date of journey as the performance obligation is satisfied by the Group on the date of journey by the traveler.
Revenue relating to contracts with travel suppliers which include incentive payments are accounted for as variable consideration when the amount of revenue to be recognized can be estimated to the extent that it is probable that a significant reversal of any incremental revenue will not occur.
Income from other sources of the Group, primarily comprising advertising revenue, fees for facilitating access to its internet based platforms to travel insurance companies and marketing alliance fees is recognized as the services are performed as per the terms of the contracts with respective supplier.
Income from rail tickets, including convenience fees earned from the traveler is recognized on a net basis as an agent on the date of journey as the performance obligation is satisfied by the Group on the date of journey by the traveler.
Income from sale of airline tickets, hotel reservations, bus ticketing and rail ticketing is recorded on net basis (i.e., the amount billed to a traveler less amount paid to a supplier), except for certain category of transactions as discussed above, as the supplier is primarily responsible for providing the underlying travel services and the Group does not control the service provided by the supplier to the traveler.
The Group provides loyalty programs under which participating customers earn loyalty points on current transactions that can be redeemed for future qualifying transactions. Under its customer loyalty programs, the Group allocates a portion of the consideration received to loyalty points that are redeemable against any future purchases of the Group’s services. This allocation is based on the relative stand-alone selling prices. The amount allocated to the loyalty program is deferred, and is recognised as revenue when loyalty points are redeemed or expire.
Revenue is recognized net of cancellations, refunds, discounts, incentives and taxes. However, when the discount and other incentives offered to the traveler are higher than the income earned from the customers, the excess (i.e., the discount/incentive given to a traveler less income earned from the customers) on an individual transaction basis is classified under marketing and sales promotion expenses.
In the event of cancellation of airline tickets, revenue recognized in respect of commissions earned by the Company on such tickets is reversed and is netted off from the revenue earned during the fiscal period at the time the cancellation is made by the customers. The revenue from the sale of tours and packages, hotel reservations and bus ticketing is recognized on the customer’s departure, check-in date and date of journey respectively. Cancellations, if any, do not impact revenue recognition since revenue is recognized upon the availment of services by the customer. |
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| Marketing and Sales Promotion Costs | (l) Marketing and Sales Promotion Costs
Marketing and sales promotion costs comprise internet, television, radio and print media advertisement costs as well as event driven promotion cost for Group’s products and services. These costs include online video and display advertising on websites, television, print formats, search engine marketing, referrals from meta search and travel research websites and any other media cost such as public relations and sponsorships. Additionally, the Group also incurs customer inducement costs for acquiring customers and promoting transactions across various booking platforms such as upfront cash incentives and select loyalty program costs. Such customer inducement/acquisition costs for acquiring customers and promoting transactions across various booking platforms such as upfront cash incentives and select loyalty program costs, when incurred are recorded as a reduction / deferral of revenue. In addition, when the discount and other incentives offered to the traveler are higher than the income earned from the customers, the excess (i.e., the discount/incentive given to a traveler less income earned from the customers) on an individual transaction basis is classified under marketing and sales promotion expenses. |
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| Leases | (m) Leases
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether: (1) the contract involves the use of an identified asset (2) the Group has substantially all of the economic benefits from use of the asset through the period of the lease and (3) the Group has the right to direct the use of the asset.
As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. However, for the leases of property, the Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the lease commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.
The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.
Lease payments included in the measurement of the lease liability comprise the following:
• fixed payments, including in-substance fixed payments; • variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • amounts expected to be payable under a residual value guarantee; and • the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. The lease liability is subsequently measured at amortised cost using the effective interest method.
The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
Further, where a lease contract is modified and the lease modification is not accounted for as a separate lease, the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. Where the scope of the lease is decreased, corresponding impact is made on the carrying amount of the related right-of-use asset to reflect the partial or full termination of the lease for lease modifications and gain or loss relating to the partial or full termination of the lease recognised in profit or loss. Where the scope of the lease is not decreased, corresponding adjustment is made to the related right-of-use asset with no impact on profit or loss.
The Group presents right-of-use assets that do not meet the definition of investment property in property, plant and equipment and lease liabilities in loans and borrowings in the statement of financial position. |
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| Finance Income and Costs | (n) Finance Income and Costs
Finance income comprises interest income on funds invested, foreign currency gains (net) and change in financial asset/liability.
Finance costs comprise interest expense on borrowings, foreign currency losses (net), change in financial asset/liability, impairment losses recognized on financial assets, including trade and other receivables and cost related to public offerings. Foreign currency gains and losses are reported on a net basis.
Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in profit or loss using the effective interest method.
Interest income and cost is recognized as it accrues in profit or loss, using the effective interest method.
The ‘effective interest rate’ is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to:
i) the gross carrying amount of the financial asset; or ii)
the amortised cost of the financial liability. |
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| Income Taxes | (o) Income Taxes
Income tax expense comprises current and deferred taxes. Current and deferred tax expense is recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or other comprehensive income, in which case it is recognized in equity or in other comprehensive income.
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years.
Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss, and differences relating to investments in subsidiaries, associates to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.
Deferred tax liabilities and assets are not recognised for temporary differences between the carrying amount and tax bases of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.
A deferred tax asset is recognized for unused tax losses and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Unrecognised deferred tax assets are reassessed at each reporting date and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used. |
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| Earnings (Loss) Per Share | (p) Earnings (Loss) Per Share The Group presents basic and diluted earnings (loss) per share (EPS) data for its ordinary shares (including Class B shares). Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders (including Class B shareholders) of the Company by the weighted average number of ordinary shares (including Class B shares) outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders (including Class B shareholders) and the weighted average number of ordinary shares (including Class B shares) outstanding after adjusting for the effects of all potential dilutive ordinary shares (including Class B shares). |
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| Operating Segments | (q) Operating Segments
In accordance with IFRS 8 – Operating Segments, the operating segments used to present segment information are identified on the basis of internal reports used by the Group’s management to allocate resources to the segments and assess their performance. An operating segment is a component of the Group that engages in business activities from which it earns revenues and incurs expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. Results of the operating segments are reviewed regularly by the Group’s executive officers comprising of Group Executive Chairman (till March 31, 2022), Group Chief Executive Officer and Group Chief Financial Officer, which has been identified as the chief operating decision maker (CODM), to make decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is available.
The Group has three reportable segments, i.e. air ticketing, hotels and packages and bus ticketing. In addition, the Group has made relevant entity-wide disclosures (refer note 6).
Segment results that are reported to the CODM include items directly attributable to a segment.
Revenue directly attributable to the segments is considered segment revenue. Income from tours and packages is measured on a gross basis and any commission earned on hotel reservations booked is recognized on a net basis as an agent on the date of check in. Segment revenue of air ticketing segment is measured on a net basis. Segment revenue of bus ticketing segment is measured on a net basis as an agent on the date of journey.
Service cost includes cost of airline tickets, amounts paid to hotels and other service providers and other cost of providing services. Operating expenses other than service cost have not been allocated to the operating segments and are treated as unallocated/ common expenses. For the purposes of the CODM review, the measure of segment revenue (which includes adding back certain promotion expenses reported as a reduction of revenue) as reduced by service cost is a key operating metric, which is sufficient to assess performance and make resource allocation decisions.
Segment capital expenditure does not include cost incurred during the period to acquire property, plant and equipment, goodwill and intangible assets as they cannot be allocated to segments and is not reviewed by the CODM.
Segment assets do not include property, plant and equipment, goodwill, intangible assets, trade and other receivables, contract assets, term deposits, tax assets, corporate assets, other current assets and other non-current assets as they cannot be allocated to segments and are not reviewed by the CODM. Segment liabilities do not include trade and other payables, contract liabilities, employee benefits, accrued expenses, deferred revenue, loans and borrowings and other liabilities as they cannot be allocated to segments and are not reviewed by the CODM. |
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| Cash and Cash Equivalents | (r) Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value, and funds in transit. |
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| Cash Flow Statement | (s) Cash Flow Statement Cash flows are reported using the indirect method, whereby profit for the year is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated. |
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| New Accounting Standards and Interpretations Not Yet Adopted | (t) New Accounting Standards and Interpretations Not Yet Adopted
Amendment to IAS 1
On January 23, 2020, the International Accounting Standards Board (IASB) has issued “Classification of liabilities as Current or Non-Current (Amendments to IAS 1)” providing a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangement in place at the reporting date. The amendments aim to promote consistency in applying the requirements by helping companies to determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The amendments also clarified the classification requirements for debt a company might settle by converting it into equity. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2024 and are to be applied retrospectively, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2024. The Group is currently evaluating the impact of amendments to IAS 1 on its consolidated financial statements.
Amendments to IAS 1
On February 12, 2021, the IASB had issued amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements, which requires the entities to disclose their material accounting policies rather than their significant accounting policies. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of these amendments and there will be no material impact on its consolidated financial statements.
Amendments to IAS 8
On February 12, 2021, the IASB had issued amendments to IAS 8 Accounting Policies, Changes in Accounting estimates and Errors which introduced a definition of ‘accounting estimates’ and included amendments to IAS 8 to help entities distinguish changes in accounting policies from changes in accounting estimates. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of these amendments and there will be no material impact on its consolidated financial statements.
Amendments to IAS 12
In May 7, 2021, the IASB had issued amendments IAS 12 Income Taxes to provide a further exception from the initial recognition exemption. Under the amendments, an entity does not apply the initial recognition exemption for transactions that give rise to equal taxable and deductible temporary differences. These amendments clarify that Companies are required to recognise deferred tax on transactions such as leases and decommissioning obligations. The effective date for adoption of these amendments is annual periods beginning on or after January 1, 2023, although early adoption is permitted. These amendments are applicable on Group for annual reporting periods beginning on April 1, 2023. The Group has evaluated the impact of this amendment and there will be no material impact on its consolidated financial statements. |
Significant Accounting Policies (Tables) |
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Mar. 31, 2023 | |||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||
| Summary of Estimated Useful Lives of Assets on Depreciation Calculated | The estimated useful lives of assets are as follows:
Leasehold improvements are depreciated over the lease term or useful lives of the leasehold improvements, whichever is shorter. |
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| Summary of Estimated Useful Lives of Assets on Amortization of Assets Other than Goodwill Calculated | The estimated useful lives are as follows:
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Operating Segments (Tables) |
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of operating segments [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Reportable Segments | Information about reportable segments:
* For purposes of reporting to the CODM, the segment profitability measure i.e. Adjusted Margin is arrived at by adding back certain customer inducement costs including customers incentives, customer acquisition cost and loyalty program costs, which are recorded as a reduction of revenue and reducing service cost. **Certain loyalty program costs excluded from service cost amounting to Nil (March 31, 2022: Nil and March 31, 2021: USD 91) for “All other segments”. |
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| Summary of Geographical Segments | In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers. Segment assets are based on the geographical location of the assets.
* Non-current assets presented above represent property, plant and equipment, intangible assets and goodwill, non-current tax assets, and other non-current assets (excluding financial assets). |
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Business Combinations (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Book My Forex Private Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Business Combinations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Purchase Price allocation | The purchase price was allocated based on management’s estimates and an independent appraisal of fair values as follows:
* Intangible assets primarily includes brand/trade mark and technology related development cost. |
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| Simplotel Technologies Private Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Business Combinations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Purchase Price allocation | The purchase price was allocated based on management’s estimates and an independent appraisal of fair values as follows:
* Intangible assets primarily includes brand/trade mark and technology related development cost. |
Investment in Equity-Accounted Investees (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Financial Information for Individually Immaterial Associates | The Group has interests in a number of individually immaterial associates. The following table analyses, in aggregate the carrying amount of interests and share of profit (loss) in these associates.
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Other Investments (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Investment |
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Revenue (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Contract Balances | The following table provides information about receivables and contract liabilities from contracts with customers.
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Other Revenue (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Other Revenue |
Note: During the year ended March 31, 2023, the Group regrouped certain items of revenue presented under ‘Other revenue’ to reflect more appropriately the classification of such revenue earned. Comparative amounts have also been regrouped on same basis for consistency. |
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Other Income (Tables) |
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Income [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Income |
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Personnel Expenses (Tables) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Personnel Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Personnel Expense |
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Other Operating Expenses (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Operating Expense [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Operating Expenses |
* The Company had earlier provided for certain arbitral awards amounting to USD 39,204 while continuing to seek legal recourse in its dispute with former shareholders of Hotel Travel Group (HT). On February 15, 2022, the Company and former shareholders of HT have entered into a full and final settlement of all outstanding disputes including withdrawal of all proceedings for a settlement amount of USD 35,500 to be paid to the former shareholders of HT over a period of 18 months ending on September 1, 2023. The excess provision of USD 3,704 had been reversed and the unpaid settlement amount had been reclassified as a financial liability. |
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Depreciation, Amortization and Impairment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortisation expense [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Depreciation, Amortization and Imapirment |
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Finance Income and Costs (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Finance Income Expense [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Finance Income and Costs |
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Income Tax Benefit (Expense) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Income Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Income Tax Recognised in Profit or Loss | Income tax recognised in profit or loss
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| Schedule of Income Tax Recognized in Other Comprehensive Income | Income tax recognized in other comprehensive income
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| Schedule of Amounts Directly Recognised in Equity | Income tax directly recognized in equity
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| Schedule of Reconciliation of Effective Tax Rate | Reconciliation of effective tax
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Property, Plant and Equipment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about property, plant and equipment [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Property Plant and Equipment |
Note: The Company has pledged certain property, plant and equipment against bank loans and various credit facilities (refer note 28). |
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Intangible Assets and Goodwill (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Detailed Information About Intangible Assets And Goodwill [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Intangible Assets and Goodwill |
* Represents addition of USD 8,882 (March 31, 2022: USD 8,887) to intangible assets under development, adjusted for amounts capitalized out of intangible assets under development amounting to USD 8,581 (March 31, 2022: USD 8,512). |
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| Summary of Goodwill Allocated to Acquired Subsidiaries Level | The allocation of goodwill to the CGUs is as follows:
|
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| Air Ticketing and Hotels and Packages [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Detailed Information About Intangible Assets And Goodwill [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Assumption for Calculation of Cash flow Projections | The key assumptions used in the estimation of value in use were as follows:
* EBITDA margin is defined as EBITDA as a percentage of adjusted margin. |
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| ibibo Group - redBus [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Detailed Information About Intangible Assets And Goodwill [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Assumption for Calculation of Cash flow Projections | The key assumptions used in the estimation of value in use were as follows:
* EBITDA margin is defined as EBITDA as a percentage of adjusted margin. |
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Tax Assets and Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Disclosure Of Tax Assets And Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Unrecognized Deferred Tax Assets | Deferred tax assets have not been recognized in respect of the following items:
|
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| Summary of Recognized Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are attributable to the following:
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| Summary of Movement in Deferred Tax Assets/(Liabilities) | Movement in deferred tax assets/(liabilities) during the year
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Trade and Other Receivables (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Trade And Other Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Trade and Other Receivables |
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Cash and Cash Equivalents (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Cash and Cash Equivalents |
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Term Deposits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Term Deposit [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Term Deposits |
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Other Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Current Assets |
* Other assets includes amount recoverable of USD 117 (March 31, 2022: USD 117), which is currently in an escrow account (refer note 8 (a)). # Loan given to Saaranya Hospitality Technologies Private Limited (equity-accounted investee) (refer note37). ^ The Company pays advances to airlines for the procurement of airline tickets. These advances are utilized against the subsequent purchase of airline tickets. The outstanding airline advances as at Balance Sheet date includes advances amounting to USD 20,487 advanced to Go Airlines (India) Limited ("Go First"). Out of these advances to Go First, the Company has subsequently utilized USD 12,858. On May 2, 2023, Go First filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal ("NCLT") in India. On May 10, 2023, the NCLT admitted the application and granted protection to Go First by imposing a moratorium against recovery by lessors, lenders, and other creditors of Go First. In addition, the NCLT has appointed a resolution professional (‘RP’) to operate Go First and to maintain Go First as a going concern. It is understood that the RP has prepared a revival plan and is making progress in getting interim funding sanctioned from the Committee of Creditors of Go First for funding the airline’s operations. Since the filing for voluntary insolvency, there have been several developments in favour of for Go First’s possible resumption of operations including relief via moratorium from lease payments, interim approvals for the proposed revival plan and in-principal approval for funding among others including receipt of regulatory approval subject to certain conditions from Director General of Civil Aviation which is the aviation regulator in India. The regulatory approval though subject to conditions such as arrangement of interim funding, ensuring continuing airworthiness of the aircrafts, outcome of the ongoing insolvency resolution proceedings at NCLT and the High Court of Delhi, is critical to the revival process. Considering the above developments, the Company does not believe that there is significant uncertainty with respect to resumption of operations by Go First which could lead to the impairment of the outstanding advances. |
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Other Non-Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non Current Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Non-Current Assets |
#Loan given to Saaranya Hospitality Technologies Private Limited (equity-accounted investee) (refer note 37). |
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Capital and Reserves (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of classes of share capital [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share Capital and Share Premium | A. Share Capital and Share Premium
*less than 1 |
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Loss Per Share (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per share [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computation of Basic and Diluted Loss Per Share | The following is the reconciliation of the loss attributable to ordinary shareholders (including Class B shareholders) and weighted average number of ordinary shares (including Class B shares) used in the computation of basic and diluted loss per share for the years ended March 31, 2021, 2022 and 2023:
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Loans and Borrowings (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Loans And Borrowings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Interest Bearing Loans and Borrowings Measured at Amortized Cost/Fair Value | This note provides information about the contractual terms of Group’s interest bearing loans and borrowings, which are measured at amortized cost. For more information about the Group’s exposure to interest rate, foreign currency and liquidity risk, refer note 5 and 34.
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| Schedule of Terms and Conditions of Outstanding Loans, Lease Liabilities and Convertible Notes |
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| Summary of Changes in Cash Flows from Financing Activities | Changes in cash flows from financing activities
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Other Current Liabilities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Current Liabilities |
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Other Non-current Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Other Non Current Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Other Non-current Liabilities |
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Trade and Other Payables (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Trade And Other Payables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Trade and Other Payables |
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Employee Benefits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Employee Benefit Plan [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Employee Benefits |
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| Disclosure of Reconciliation From Opening Balances to Closing Balances For Net Defined Liability and Its Components | The following table shows a reconciliation from the opening balances to the closing balances for the net defined liability and its components:
* Note: On March 17, 2022, the Company has surrendered its plan assets held in Ibibo. The surrender value as at the date of the event has been returned to the Company.
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| Summary of Actuarial Assumptions | Principal actuarial assumptions are given below:
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| Summary of Sensitivity Analysis for Actuarial Assumptions | Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
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| Disclosure of Plan Assets | Plan assets comprise the following:
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| Summary of Expected Benefit Payments | G. Expected benefit payments for the year ending:
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Share Based Payment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Number and Weighted Average Exercise Price of Share Options | The number and weighted average exercise price of share options under MMT ESOP plan are as follows:
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| Summary of Number and Weighted Average Exercise Price of Employee Stock Options under ESOP Plan 2015 |
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| Restricted Stock Units [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Terms and Conditions Relating to Grants under Share Incentive Plan | The terms and conditions relating to the RSUs grants under this Share Incentive Plan are given below:
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| Summary of Number and Weighted Average Exercise Price under Share Incentive Plan | The number and weighted average exercise price of RSUs under share incentive plan are as follows:
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| Employee Stock Options [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Number and Weighted Average Exercise Price under Share Incentive Plan | The number and weighted average exercise price of ESOPs under share incentive plan are as follows:
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Financial Instruments (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about financial instruments [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Maximum Exposure to Credit Risk | The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was:
The cash and cash equivalents and term deposits are mainly held with banks, which are rated F1+, F1, A+, AA-, A-, BBB+ BBB-, BB+, BB-, based on rating agency Fitch ratings. The Group considers that its cash and cash equivalents and term deposits have low credit risk based on the external credit ratings of the counterparties.
The maximum exposure to credit risk for trade and other receivables at the reporting date by type of counterparty was:
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| Summary of Age of Trade and Other Receivables, Term Deposits and Security Deposits | The age of trade and other receivables at the reporting date was:
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| Summary of Movement in Allowance for Doubtful Debts in Respect of Trade and Other Receivables | The movement in the allowance for impairment in respect of trade and other receivables during the year was as follows:
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| Summary of Contractual Maturities of Financial Liabilities, Including Estimated Interest Payments and Excluding Impact of Netting Agreements | The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements: As at March 31, 2022
Notes: * Represents undiscounted cash flows of interest and principal
As at March 31, 2023
Notes: * Represents undiscounted cash flows of interest and principal The balanced view of liquidity and financial indebtedness (excluding lease liabilities) is stated in the table below:
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| Summary of Currency Risk | Between USD and INR
* less than 1 Between AED and INR
The following significant exchange rates applied during the year:
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| Sensitivity Analysis of Exchange Rate |
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| Summary of Fair Values of Financial Assets and Liabilities, together with Carrying Amounts | The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:
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| Summary of Financial Instruments Carried at Fair Value |
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| Summary of Reconciliation Fair Value Measurements in Level 3 of Fair Value Hierarchy | There were no transfers between Level 1, Level 2 and Level 3 during the year.
The following tables shows a reconciliation from the beginning balances to the ending balances for fair value measurement in Level 3 of the fair value hierarchy:
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| Summary of Financial Instruments Measured at Fair Value | Financial Instruments measured at fair value:
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| Summary of Financial Instruments Not Measured at Fair Value | inancial Instruments not measured at fair value:
Notes: * Other financial assets include trade and other receivables, term deposits, cash and cash equivalents, receivable from related party and other investments-other securities. Other financial liabilities include secured bank loans, trade and other payables, refund due to customers, convertible notes, other liabilities (related to Hotel Travel Group) and lease liabilities. |
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| Summary of Sensitivity Analysis for Other Investments | For the fair values of other investments - equity securities (FVTPL), reasonably possible changes of 100 basis points at the reporting date to the significant unobservable input, holding other inputs constant, would have the following effects:
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| Summary of Other Liabilities Related to Business Combination | For the fair values of other liabilities (related to business combinations), reasonably possible changes of 100 basis points at the reporting date to one of the significant unobservable inputs, holding other inputs constant, would have the following effects:
For the fair values of other liabilities (related to business combinations), reasonably possible changes in significant unobservable inputs at the reporting date, holding other inputs constant, would have the following effects:
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Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Presentation of leases for lessee [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Right-of-use Assets | The Group presents right-of-use assets that do not meet the definition of investment property in 'property, plant and equipment', the same line item as it presents underlying assets of the same nature that it owns (refer note 18).
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| Summary of Amounts Recognised in Statement of Profit or Loss | ii) Amounts recognised in statement of profit or loss
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| Schedule of Amounts Recognised in Statement of Cash Flows | iii) Amounts recognised in statement of cash flows
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Related Parties (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Transactions Between Related Parties [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Key Management Personnel Compensation | Key management personnel compensation comprised:
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| Summary of Transactions with Entity Providing Key Management Personnel Services | Transactions with entity providing key management personnel services:
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| Trip.com and its Subsidiaries [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Transactions Between Related Parties [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Transactions with Related Party | a) Trip.com and its subsidiaries
^ represents gross amount booked/charged for the air ticketing and hotels and packages transactions.
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| Saaranya Hospitality Technologies Private Limited [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Transactions Between Related Parties [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Transactions with Equity-Accounted Investee |
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| PasajeBus SpA [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Transactions Between Related Parties [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Transactions with Equity-Accounted Investee |
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List of Material Subsidiaries (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of subsidiaries [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of List of Material Subsidiaries |
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Basis of Accounting - Additional Information (Detail) |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Basis Of Accounting [Abstract] | |
| Percent of voting equity interests acquired to get significant influence over investee | 20.00% |
Significant Accounting Policies - Additional information (Detail) |
12 Months Ended |
|---|---|
|
Mar. 31, 2023
Segment
$ / shares
| |
| Disclosure Of Significant Accounting Policies [Line Items] | |
| Number of reportable segments | Segment | 3 |
| Ordinary Share [Member] | |
| Disclosure Of Significant Accounting Policies [Line Items] | |
| Par value per share | $ 0.0005 |
| Class B Shares [Member] | |
| Disclosure Of Significant Accounting Policies [Line Items] | |
| Par value per share | $ 0.0005 |
Operating Segments - Additional Information (Detail) |
12 Months Ended |
|---|---|
|
Mar. 31, 2023
Segment
| |
| Disclosure of operating segments [abstract] | |
| Number of reportable segments | 3 |
| Segment reporting disclosure of major customers | none of the corporate and other customers account for more than 10% or more of the Group’s revenues. |
Operating Segments - Summary of Reportable Segments (Detail) - USD ($) |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
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| Disclosure of operating segments [Line Items] | |||||||
| Revenue | $ 593,036,000 | $ 303,922,000 | $ 163,440,000 | ||||
| Add: Customer inducement costs recorded as a reduction of revenue | [1] | 235,752,000 | 111,247,000 | 42,908,000 | |||
| Less: Service cost | [2] | 177,567,000 | 58,750,000 | 22,217,000 | |||
| Adjusted Margin | 651,221,000 | 356,419,000 | 184,131,000 | ||||
| Other income | 2,798,000 | 3,490,000 | 3,672,000 | ||||
| Personnel expenses | (131,968,000) | (116,924,000) | (105,661,000) | ||||
| Marketing and sales promotion expenses | (101,601,000) | (51,033,000) | (22,741,000) | ||||
| Customer inducement costs recorded as a reduction of revenue | [1] | (235,752,000) | (111,247,000) | (42,908,000) | |||
| Certain loyalty program costs related to "All other segments" | [2] | (91,000) | |||||
| Other operating expenses | (133,698,000) | (81,575,000) | (51,075,000) | ||||
| Depreciation, amortization and impairment | (27,396,000) | (29,496,000) | (33,010,000) | ||||
| Finance income | 10,974,000 | 9,984,000 | 12,100,000 | ||||
| Finance costs | (46,732,000) | (26,326,000) | (4,798,000) | ||||
| Share of profit (loss) of equity-accounted investees | 10,000 | 34,000 | (168,000) | ||||
| Loss before tax | (12,144,000) | (46,674,000) | (60,549,000) | ||||
| Reportable Segments [Member] | Air Ticketing [Member] | |||||||
| Disclosure of operating segments [Line Items] | |||||||
| Revenue | 147,793,000 | 88,712,000 | 57,013,000 | ||||
| Add: Customer inducement costs recorded as a reduction of revenue | [1] | 135,338,000 | 67,090,000 | 23,513,000 | |||
| Less: Service cost | [2] | 3,078,000 | 311,000 | 293,000 | |||
| Adjusted Margin | 280,053,000 | 155,491,000 | 80,233,000 | ||||
| Reportable Segments [Member] | Hotels and Packages [Member] | |||||||
| Disclosure of operating segments [Line Items] | |||||||
| Revenue | 337,686,000 | 157,267,000 | 67,976,000 | ||||
| Add: Customer inducement costs recorded as a reduction of revenue | [1] | 90,487,000 | 41,545,000 | 18,652,000 | |||
| Less: Service cost | [2] | 168,387,000 | 54,760,000 | 19,146,000 | |||
| Adjusted Margin | 259,786,000 | 144,052,000 | 67,482,000 | ||||
| Reportable Segments [Member] | Bus Ticketing [Member] | |||||||
| Disclosure of operating segments [Line Items] | |||||||
| Revenue | 74,873,000 | 39,896,000 | 24,895,000 | ||||
| Add: Customer inducement costs recorded as a reduction of revenue | [1] | 8,025,000 | 1,814,000 | 667,000 | |||
| Less: Service cost | [2] | 5,596,000 | 3,397,000 | 2,712,000 | |||
| Adjusted Margin | 77,302,000 | 38,313,000 | 22,850,000 | ||||
| All Other Segments [Member] | |||||||
| Disclosure of operating segments [Line Items] | |||||||
| Revenue | 32,684,000 | 18,047,000 | 13,556,000 | ||||
| Add: Customer inducement costs recorded as a reduction of revenue | [1] | 1,902,000 | 798,000 | 76,000 | |||
| Less: Service cost | [2] | 506,000 | 282,000 | 66,000 | |||
| Adjusted Margin | 34,080,000 | 18,563,000 | 13,566,000 | ||||
| Certain loyalty program costs related to "All other segments" | $ 0 | $ 0 | $ (91,000) | ||||
| |||||||
Operating Segments - Summary of Reportable Segments (Detail) (Parenthetical) - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|||
| Disclosure of operating segments [Line Items] | |||||
| Loyalty program costs excluded from service cost | [1] | $ 91,000 | |||
| All Other Segments [Member] | |||||
| Disclosure of operating segments [Line Items] | |||||
| Loyalty program costs excluded from service cost | $ 0 | $ 0 | $ 91,000 | ||
| |||||
Operating Segments - Summary of Geographical Segments (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of geographical areas [Line Items] | |||
| Revenue | $ 593,036 | $ 303,922 | $ 163,440 |
| Non-Current Assets* | 672,780 | 720,071 | |
| India [Member] | |||
| Disclosure of geographical areas [Line Items] | |||
| Revenue | 564,284 | 298,245 | 161,313 |
| Non-Current Assets* | 663,857 | 711,292 | |
| United States [Member] | |||
| Disclosure of geographical areas [Line Items] | |||
| Revenue | 195 | 69 | 32 |
| Non-Current Assets* | 299 | 378 | |
| South East Asia [Member] | |||
| Disclosure of geographical areas [Line Items] | |||
| Revenue | 11,201 | 2,221 | 1,375 |
| Non-Current Assets* | 4,503 | 4,505 | |
| Europe [Member] | |||
| Disclosure of geographical areas [Line Items] | |||
| Revenue | 1,337 | 18 | |
| All Other Countries [Member] | |||
| Disclosure of geographical areas [Line Items] | |||
| Revenue | 16,019 | 3,369 | $ 720 |
| Non-Current Assets* | $ 4,121 | $ 3,896 | |
Business Combinations - Summary of Purchase Price allocation (Parenthetical) (Detail) - USD ($) $ in Thousands |
Sep. 28, 2022 |
Apr. 05, 2022 |
Mar. 31, 2023 |
|---|---|---|---|
| Book My Forex Private Limited [Member] | |||
| Disclosure Of Business Combinations [Line Items] | |||
| Cash and cash equivalents | $ 7,000 | ||
| Non-controlling interest | 49.00% | ||
| Simplotel Technologies Private Limited [Member] | |||
| Disclosure Of Business Combinations [Line Items] | |||
| Cash and cash equivalents | $ 3,159 | $ 3,159 | |
| Non-controlling interest | 30.40% |
Investment in Equity-Accounted Investees - Summary of Financial Information for Individually Immaterial Associates (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of associates [abstract] | |||
| Carrying amount of interests in associates | $ 2,070 | $ 3,558 | |
| Share of profit (loss) of equity-accounted investees | 10 | 34 | $ (168) |
| Company's share of other comprehensive income in associates | 0 | 0 | 0 |
| Company's share of total comprehensive income (loss) in associates | $ 10 | $ 34 | $ (168) |
Investment in Equity-Accounted Investees - Additional Information (Detail) - USD ($) $ in Thousands |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Sep. 28, 2022 |
Oct. 31, 2021 |
Mar. 31, 2022 |
|
| Inspirock, Inc [Member] | Klarna Holding Plc. [Member] | |||
| Disclosure Of Significant Investments In Associates [Line Items] | |||
| Consideration received from acquisition | $ 3,865 | ||
| Expenses netted off from consideration received | 24 | ||
| Cash consideration received partly | 453 | ||
| Cash consideration received amount held in escrow account | 117 | ||
| Consideration received in form of equity shares at the time of disposal of equity accounted investee | $ 3,412 | ||
| Gain on discontinuation of equity accounted investment on disposal | $ 2,251 | ||
| Simplotel Technologies Private Limited [Member] | |||
| Disclosure Of Significant Investments In Associates [Line Items] | |||
| Gain on discontinuation of equity accounted investment on disposal | $ 2,017 | ||
| Percentage of equity interest held | 41.94% | ||
| Carrying amount of equity accounted investee | $ 1,517 |
Other Investments - Schedule of Investment (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Financial Assets [Line Items] | ||
| Total other investments | $ 1,268 | $ 4,031 |
| Financial assets measured at FVOCI [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Equity securities (unlisted) | 452 | 452 |
| Financial assets measured at FVTPL [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Equity securities (unlisted) | 591 | 3,412 |
| Other securities | 149 | 68 |
| Financial Assets Measured at Amortised Cost [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Other securities | $ 76 | $ 99 |
Other Investments - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2022 |
Mar. 31, 2023 |
Aug. 31, 2011 |
|
| Disclosure Of Financial Assets [Line Items] | |||
| Other investments | $ 4,031 | $ 1,268 | |
| Transferred cumulative gain | 33,655 | ||
| Le Travenues Technology Private Limited [Member] | |||
| Disclosure Of Financial Assets [Line Items] | |||
| Other investments | $ 4,825 | ||
| Percentage of voting equity interests acquired | 19.98% | ||
| Cash consideration on disposal of investment | 38,500 | ||
| Gains on sale of investments | 33,543 | ||
| Transaction related costs | $ 624 |
Revenue - Additional Information (Detail) |
12 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2023
USD ($)
Segment
|
Mar. 31, 2022
USD ($)
|
Mar. 31, 2021
USD ($)
|
|
| Revenue [Line Items] | |||
| Number of reportable segments | Segment | 3 | ||
| Advance from customers reclassified as contract liabilities | $ 73,850,000 | ||
| Revenue | 593,036,000 | $ 303,922,000 | $ 163,440,000 |
| Customer Loyalty Programs and Advance Received from GDS Provider [Member] | |||
| Revenue [Line Items] | |||
| Revenue | 1,177,000 | 1,748,000 | |
| Refund paid to customers | 0 | 30,000 | |
| Deferred income reclassified as contract liabilities | 1,519,000 | 1,338,000 | 2,298,000 |
| Advance Consideration Received for Future Bookings [Member] | |||
| Revenue [Line Items] | |||
| Advance from customers reclassified as contract liabilities | 51,900,000 | $ 31,878,000 | |
| Revenue | 42,462,000 | 20,506,000 | |
| Refund paid to customers | $ 5,171,000 | $ 8,228,000 | |
Revenue - Schedule of Contract Balances (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Contracts With Customers Balances [Abstract] | ||
| Receivables, which are included in ‘Trade and other receivables’ | $ 61,699 | $ 29,464 |
| Contract liabilities | 75,369 | 53,238 |
| Non-current | 163 | 27 |
| Current | 75,206 | 53,211 |
| Total contract liabilities | $ 75,369 | $ 53,238 |
Other Revenue - Schedule of Other Revenue (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Other Revenue [Abstract] | |||
| Other travel services - car and rail booking | $ 7,503 | $ 4,360 | $ 1,758 |
| Marketing alliances - advertising and brand alliance | 18,007 | 10,041 | 6,631 |
| Ancillary services | 5,925 | 2,923 | 3,617 |
| Miscellaneous revenue | 1,249 | 723 | 1,550 |
| Total | $ 32,684 | $ 18,047 | $ 13,556 |
Other Income - Summary of Other Income (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Other Income [Abstract] | |||
| Government grant received | $ 117 | $ 525 | $ 1,167 |
| Gain on discontinuation of equity accounted investment (refer note 8 (a) and (b)) | 2,017 | 2,251 | |
| Gain on lease modification | 100 | 417 | 1,912 |
| Excess provision written back | 344 | 272 | 593 |
| Net gain on de-recognition of property, plant and equipment | 177 | 6 | |
| Others | 43 | 19 | |
| Total | $ 2,798 | $ 3,490 | $ 3,672 |
Personnel Expenses - Summary of Personnel expense (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Personnel Expenses [Abstract] | |||
| Wages, salaries and other employees benefits | $ 86,868 | $ 73,654 | $ 64,387 |
| Contributions to defined contribution plans | 4,145 | 3,558 | 2,994 |
| Expenses related to defined benefit plans (refer note 32) | 1,516 | 1,389 | 1,194 |
| Equity-settled share based payment (refer note 33) | 35,643 | 36,645 | 35,589 |
| Employee welfare expenses | 3,796 | 1,678 | 1,497 |
| Total | $ 131,968 | $ 116,924 | $ 105,661 |
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Other Operating Expense [Abstract] | |||
| Payment gateway and other charges | $ 57,847 | $ 28,635 | $ 13,385 |
| Outsourcing expenses | 23,338 | 12,827 | 7,877 |
| Website hosting charges | 20,558 | 14,088 | 12,129 |
| Travelling and conveyance | 2,894 | 780 | 247 |
| Communication | 5,459 | 3,732 | 2,857 |
| Technology and maintenance | 5,605 | 4,224 | 3,904 |
| Legal and professional | 6,086 | 6,397 | 4,364 |
| Provision for litigations | 4,700 | ||
| Net loss on de-recognition of property, plant and equipment | 406 | ||
| Intangible assets written off | 17 | ||
| Miscellaneous expenses | 11,911 | 6,175 | 5,906 |
| Total | $ 133,698 | $ 81,575 | $ 51,075 |
Other Operating Expenses - Summary of Other Operating Expenses (Parenthetical) (Detail) - HT - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Feb. 15, 2022 |
Mar. 31, 2022 |
|
| Disclosure Of Other Operating Income Expense [Line Items] | ||
| Litigation Settlement Amount | $ 35,500 | |
| Settlement Amount Payment Period | 18 months | |
| Excess Provision Amount Reversed | $ 3,704 |
Depreciation, Amortization and Impairment - Schedule of Depreciation, Amortization and Impairment (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Depreciation and amortisation expense [abstract] | |||
| Depreciation | $ 6,096 | $ 6,023 | $ 8,973 |
| Amortization | 21,150 | 23,335 | 24,037 |
| Impairment of intangible assets under development | 150 | 138 | |
| Total | $ 27,396 | $ 29,496 | $ 33,010 |
Finance Income and Costs - Schedule of Finance Income and Costs (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Finance Income Expense [Abstract] | |||
| Interest income on term deposits measured at amortised cost | $ 9,703 | $ 6,618 | $ 4,628 |
| Change in fair value of financial asset measured at FVTPL | 4 | ||
| Change in fair value of financial liability measured at FVTPL | 350 | ||
| Other interest income | 1,271 | 3,362 | 2,554 |
| Net foreign exchange gain | 4,568 | ||
| Finance income | 10,974 | 9,984 | 12,100 |
| Interest expense on financial liabilities measured at amortised cost | 15,067 | 13,744 | 2,035 |
| Change in fair value of financial liability measured at FVTPL | 673 | 1,181 | |
| Change in fair value of financial asset measured at FVTPL | 2,820 | ||
| Net foreign exchange loss | 25,636 | 8,218 | |
| Impairment loss on trade and other receivables | 349 | 904 | 358 |
| Interest expense on lease liabilities | 1,554 | 1,569 | 1,867 |
| Finance and other charges | 633 | 710 | 538 |
| Finance costs | 46,732 | 26,326 | 4,798 |
| Net finance income (costs) | $ (35,758) | $ (16,342) | $ 7,302 |
Income Tax Benefit (Expense) - Schedule of Income Tax Recognized in Profit or Loss (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Current tax expense | |||
| Current period | $ (873) | $ (134) | $ (24) |
| Adjustment for prior period | (56) | ||
| Current tax expense | (873) | (134) | (80) |
| Deferred tax benefit (expense) | |||
| Origination and reversal of temporary differences | (3,880) | 3,484 | 4,203 |
| Change in unrecognised temporary differences | (7,131) | (8,219) | (3,335) |
| Utilization of previously unrecognised tax losses | 12,860 | 6,934 | 37 |
| Recognition of previously unrecognized tax losses | 3,509 | ||
| Utilization/(reversal) of previously recognized tax losses | (958) | 173 | |
| Deferred tax benefit (expense) | 1,849 | 1,241 | 4,587 |
| Total | $ 976 | $ 1,107 | $ 4,507 |
Income Tax Benefit (Expense) - Schedule of Income Tax Recognized in Other Comprehensive Income (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Income tax relating to components of other comprehensive income [abstract] | |||
| Foreign currency translation differences on foreign operations, before tax | $ (48,879) | $ (18,943) | $ 13,497 |
| Equity instruments at FVOCI - net change in fair value, before tax | 0 | 33,543 | 1,825 |
| Remeasurement of defined benefit liability, before tax | 468 | (426) | (199) |
| Total | (48,411) | 14,174 | 15,123 |
| Foreign currency translation differences on foreign operations, tax (expense) benefit | 0 | 0 | 0 |
| Equity instruments at FVOCI - net change in fair value, tax (expense) benefit | 0 | 0 | 0 |
| Remeasurement of defined benefit liability, tax (expense) benefit | 0 | 0 | 0 |
| Total | 0 | 0 | 0 |
| Foreign currency translation differences on foreign operations, net of tax | (48,879) | (18,943) | 13,497 |
| Equity instruments at FVOCI - net change in fair value, net of tax | 0 | 33,543 | 1,825 |
| Remeasurement of defined benefit liability | 468 | (426) | (199) |
| Other comprehensive income (loss) for the year, net of tax | $ (48,411) | $ 14,174 | $ 15,123 |
Income Tax Benefit (Expense) - Schedule of Amounts Directly Recognised in Equity (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Income Tax Relating To Components Of Equity [Abstract] | |||
| Convertible notes, Before Tax | $ 0 | $ 0 | $ 37,768 |
| Convertible notes, Tax (expense) benefit | 0 | 0 | (6,646) |
| Convertible notes, Net of tax | $ 0 | $ 0 | $ 31,122 |
Income Tax Benefit (Expense) - Schedule of Reconciliation of Effective Tax (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
| Profit (loss) for the period | $ (11,168) | $ (45,567) | $ (56,042) |
| Income tax benefit | 976 | 1,107 | 4,507 |
| Loss before tax | (12,144) | (46,674) | (60,549) |
| Income tax benefit using the Company's domestic tax rate | 1,822 | 6,999 | 9,081 |
| Effect of tax rates in foreign jurisdictions | (3,191) | 695 | 4,313 |
| Non deductible expenses | (2,662) | (3,392) | (2,873) |
| Tax exempt income | 402 | 383 | 25 |
| Impact of change in tax laws | 2,219 | ||
| Utilization of previously unrecognised tax losses | 12,860 | 6,934 | 37 |
| Recognition of previously unrecognized tax losses | 3,509 | ||
| Utilization/(reversal) of previously recognized tax losses | (958) | 173 | |
| Current year losses for which no deferred tax asset was recognized | (1,656) | (1,328) | (8,574) |
| Change in unrecognised temporary differences | (7,131) | (8,219) | (3,335) |
| Others | 532 | (7) | (68) |
| Total | $ 976 | $ 1,107 | $ 4,507 |
Property Plant and Equipment - Summary of Property Plant and Equipment (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | $ 19,313 | $ 22,159 |
| Ending balance | 25,380 | 19,313 |
| Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 47,530 | 47,338 |
| Acquisitions through business combination (refer note 7 (b) and 7 (c)) | 233 | |
| Additions/adjustments | 15,019 | 4,990 |
| Disposals/adjustments | (5,001) | (3,348) |
| Effect of movements in foreign exchange rates | (3,735) | (1,450) |
| Ending balance | 54,046 | 47,530 |
| Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (28,217) | (25,179) |
| Depreciation for the year | 6,096 | 6,023 |
| Disposals/adjustments | 3,523 | 2,174 |
| Effect of movements in foreign exchange rates | (2,124) | (811) |
| Ending balance | (28,666) | (28,217) |
| Land [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 839 | 892 |
| Ending balance | 818 | 839 |
| Land [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 839 | 892 |
| Effect of movements in foreign exchange rates | (21) | (53) |
| Ending balance | 818 | 839 |
| Building (Owned) | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 505 | 537 |
| Effect of movements in foreign exchange rates | (19) | (32) |
| Ending balance | 486 | 505 |
| Building (Owned) | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (505) | (537) |
| Effect of movements in foreign exchange rates | (19) | (32) |
| Ending balance | (486) | (505) |
| Buildings (Right-of-use) | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 11,618 | 14,038 |
| Ending balance | 13,931 | 11,618 |
| Buildings (Right-of-use) | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 23,076 | 23,528 |
| Acquisitions through business combination (refer note 7 (b) and 7 (c)) | 202 | |
| Additions/adjustments | 7,530 | 1,891 |
| Disposals/adjustments | (1,585) | (1,669) |
| Effect of movements in foreign exchange rates | (1,825) | (674) |
| Ending balance | 27,398 | 23,076 |
| Buildings (Right-of-use) | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (11,458) | (9,490) |
| Depreciation for the year | 3,220 | 3,064 |
| Disposals/adjustments | 340 | 793 |
| Effect of movements in foreign exchange rates | (871) | (303) |
| Ending balance | (13,467) | (11,458) |
| Computers [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 2,644 | 2,826 |
| Ending balance | 3,659 | 2,644 |
| Computers [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 13,376 | 12,954 |
| Acquisitions through business combination (refer note 7 (b) and 7 (c)) | 17 | |
| Additions/adjustments | 2,616 | 1,600 |
| Disposals/adjustments | (1,788) | (779) |
| Effect of movements in foreign exchange rates | (1,070) | (399) |
| Ending balance | 13,151 | 13,376 |
| Computers [Member] | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (10,732) | (10,128) |
| Depreciation for the year | 1,363 | 1,675 |
| Disposals/adjustments | 1,768 | 754 |
| Effect of movements in foreign exchange rates | (835) | (317) |
| Ending balance | (9,492) | (10,732) |
| Furniture and Fixtures [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 210 | 325 |
| Ending balance | 358 | 210 |
| Furniture and Fixtures [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 857 | 889 |
| Acquisitions through business combination (refer note 7 (b) and 7 (c)) | 11 | |
| Additions/adjustments | 275 | 25 |
| Disposals/adjustments | (140) | (35) |
| Effect of movements in foreign exchange rates | (64) | (22) |
| Ending balance | 939 | 857 |
| Furniture and Fixtures [Member] | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (647) | (564) |
| Depreciation for the year | 116 | 132 |
| Disposals/adjustments | 138 | 33 |
| Effect of movements in foreign exchange rates | (44) | (16) |
| Ending balance | (581) | (647) |
| Office Equipment [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 290 | 443 |
| Ending balance | 221 | 290 |
| Office Equipment [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 1,776 | 1,873 |
| Acquisitions through business combination (refer note 7 (b) and 7 (c)) | 3 | |
| Additions/adjustments | 85 | 98 |
| Disposals/adjustments | (63) | (137) |
| Effect of movements in foreign exchange rates | (115) | (58) |
| Ending balance | 1,686 | 1,776 |
| Office Equipment [Member] | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (1,486) | (1,430) |
| Depreciation for the year | 132 | 227 |
| Disposals/adjustments | 55 | 126 |
| Effect of movements in foreign exchange rates | (98) | (45) |
| Ending balance | (1,465) | (1,486) |
| Motor Vehicles [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 1,592 | 846 |
| Ending balance | 3,061 | 1,592 |
| Motor Vehicles [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 2,552 | 1,661 |
| Additions/adjustments | 2,648 | 1,367 |
| Disposals/adjustments | (793) | (409) |
| Effect of movements in foreign exchange rates | (244) | (67) |
| Ending balance | 4,163 | 2,552 |
| Motor Vehicles [Member] | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (960) | (815) |
| Depreciation for the year | 814 | 465 |
| Disposals/adjustments | 593 | 291 |
| Effect of movements in foreign exchange rates | (79) | (29) |
| Ending balance | (1,102) | (960) |
| Leasehold Improvements [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 2,120 | 2,789 |
| Ending balance | 3,313 | 2,120 |
| Leasehold Improvements [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | 4,549 | 5,004 |
| Additions/adjustments | 1,846 | 9 |
| Disposals/adjustments | (632) | (319) |
| Effect of movements in foreign exchange rates | (377) | (145) |
| Ending balance | 5,386 | 4,549 |
| Leasehold Improvements [Member] | Accumulated depreciation [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Beginning balance | (2,429) | (2,215) |
| Depreciation for the year | 451 | 460 |
| Disposals/adjustments | 629 | 177 |
| Effect of movements in foreign exchange rates | (178) | (69) |
| Ending balance | (2,073) | $ (2,429) |
| Capital work in progress [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Ending balance | 19 | |
| Capital work in progress [Member] | Cost [Member] | ||
| Disclosure Of Property Plant And Equipment [Line Items] | ||
| Additions/adjustments | 19 | |
| Ending balance | $ 19 | |
Intangible Assets and Goodwill - Summary of Intangible Assets and Goodwill (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | $ 685,658 | $ 720,907 | ||
| Impairment for the year | 150 | 138 | ||
| Ending balance | 628,974 | 685,658 | ||
| Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 1,104,739 | 1,133,504 | ||
| Acquisitions through business combination | 9,920 | |||
| Additions/Adjustment | [1] | 9,412 | 9,812 | |
| Disposals | (2,537) | (5,392) | ||
| Effect of movements in foreign exchange rates | (71,717) | (33,185) | ||
| Ending balance | 1,049,817 | 1,104,739 | ||
| Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (419,081) | (412,597) | ||
| Amortization for the year | (21,150) | (23,335) | ||
| Impairment for the year | 150 | 138 | ||
| Disposals | 2,533 | 5,375 | ||
| Effect of movements in foreign exchange rates | 17,005 | 11,614 | ||
| Ending balance | (420,843) | (419,081) | ||
| Goodwill [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 601,151 | 619,874 | ||
| Ending balance | 561,503 | 601,151 | ||
| Goodwill [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 880,323 | 907,252 | ||
| Acquisitions through business combination | 8,558 | |||
| Effect of movements in foreign exchange rates | (55,218) | (26,929) | ||
| Ending balance | 833,663 | 880,323 | ||
| Goodwill [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (279,172) | (287,378) | ||
| Effect of movements in foreign exchange rates | 7,012 | 8,206 | ||
| Ending balance | (272,160) | (279,172) | ||
| Customer Relationship [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 4,321 | 5,825 | ||
| Ending balance | 2,801 | 4,321 | ||
| Customer Relationship [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 10,581 | 10,871 | ||
| Effect of movements in foreign exchange rates | (738) | (290) | ||
| Ending balance | 9,843 | 10,581 | ||
| Customer Relationship [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (6,260) | (5,046) | ||
| Amortization for the year | (1,202) | (1,347) | ||
| Effect of movements in foreign exchange rates | 420 | 133 | ||
| Ending balance | (7,042) | (6,260) | ||
| Non-Compete [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 237 | 310 | ||
| Ending balance | 159 | 237 | ||
| Non-Compete [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 901 | 916 | ||
| Effect of movements in foreign exchange rates | (32) | (15) | ||
| Ending balance | 869 | 901 | ||
| Non-Compete [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (664) | (606) | ||
| Amortization for the year | (60) | (64) | ||
| Effect of movements in foreign exchange rates | 14 | 6 | ||
| Ending balance | (710) | (664) | ||
| Technology Related Development Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 18,163 | 19,090 | ||
| Ending balance | 18,480 | 18,163 | ||
| Technology Related Development Cost [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 70,359 | 68,889 | ||
| Acquisitions through business combination | 1,052 | |||
| Additions/Adjustment | [1] | 7,654 | 8,744 | |
| Disposals | (1,868) | (5,392) | ||
| Effect of movements in foreign exchange rates | (5,170) | (1,882) | ||
| Ending balance | 72,027 | 70,359 | ||
| Technology Related Development Cost [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (52,196) | (49,799) | ||
| Amortization for the year | (6,864) | (9,091) | ||
| Disposals | 1,868 | 5,375 | ||
| Effect of movements in foreign exchange rates | 3,645 | 1,319 | ||
| Ending balance | (53,547) | (52,196) | ||
| Brand /Trade Mark [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 58,847 | 73,302 | ||
| Ending balance | 43,137 | 58,847 | ||
| Brand /Trade Mark [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 132,473 | 136,276 | ||
| Acquisitions through business combination | 304 | |||
| Effect of movements in foreign exchange rates | (9,747) | (3,803) | ||
| Ending balance | 123,030 | 132,473 | ||
| Brand /Trade Mark [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (73,626) | (62,974) | ||
| Amortization for the year | (11,559) | (12,420) | ||
| Effect of movements in foreign exchange rates | 5,292 | 1,768 | ||
| Ending balance | (79,893) | (73,626) | ||
| Software [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 422 | 810 | ||
| Ending balance | 493 | 422 | ||
| Software [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 5,069 | 5,196 | ||
| Acquisitions through business combination | 6 | |||
| Additions/Adjustment | [1] | 274 | 22 | |
| Disposals | (669) | |||
| Effect of movements in foreign exchange rates | (344) | (149) | ||
| Ending balance | 4,336 | 5,069 | ||
| Software [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (4,647) | (4,386) | ||
| Amortization for the year | (179) | (390) | ||
| Disposals | 665 | |||
| Effect of movements in foreign exchange rates | 318 | 129 | ||
| Ending balance | (3,843) | (4,647) | ||
| Other [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 638 | |||
| Ending balance | 521 | 638 | ||
| Other [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 661 | |||
| Additions/Adjustment | [1] | 1,183 | 671 | |
| Effect of movements in foreign exchange rates | (45) | (10) | ||
| Ending balance | 1,799 | 661 | ||
| Other [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (23) | |||
| Amortization for the year | (1,286) | (23) | ||
| Effect of movements in foreign exchange rates | 31 | |||
| Ending balance | (1,278) | (23) | ||
| Intangible Assets Under Development [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | 1,879 | 1,696 | ||
| Ending balance | 1,880 | 1,879 | ||
| Intangible Assets Under Development [Member] | Cost [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | [1] | 4,372 | 4,104 | |
| Additions/Adjustment | [1] | 301 | 375 | |
| Effect of movements in foreign exchange rates | [1] | (423) | (107) | |
| Ending balance | [1] | 4,250 | 4,372 | |
| Intangible Assets Under Development [Member] | Accumulated depreciation [Member] | ||||
| Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||||
| Beginning balance | (2,493) | (2,408) | ||
| Impairment for the year | 150 | 138 | ||
| Effect of movements in foreign exchange rates | 273 | 53 | ||
| Ending balance | $ (2,370) | $ (2,493) | ||
| ||||
Intangible Assets and Goodwill - Summary of Intangible Assets and Goodwill (Parenthetical) (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Disclosure of reconciliation of changes in intangible assets and goodwill [abstract] | ||
| Additions of intangible assets under development | $ 8,882 | $ 8,887 |
| Transfer from intangible assets under development | $ (8,581) | $ (8,512) |
Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Feb. 01, 2023 |
Mar. 31, 2019 |
|
| Bitla Software Private Limited [Member] | ||||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||||
| Goodwill | $ 6,304,000 | |||
| ibibo Group - redBus [Member] | ||||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||||
| Goodwill | $ 5,298,000 | |||
| Impairment loss | $ 0 | $ 0 | ||
| Description related to cash flow projections period | over a period of five years | |||
| Percentage by which recoverable amount exceeds the carrying amount | 52.20% | 53.80% | ||
| EBITDA margin | 8.80% | 8.50% | ||
| Air Ticketing and Hotels and Packages [Member] | ||||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||||
| Impairment loss | $ 0 | $ 0 | ||
| Description related to cash flow projections period | over a period of five years | |||
Intangible Assets and Goodwill - Summary of Goodwill has been Allocated to Acquired Subsidiaries Level (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||
| Allocation of goodwill recognized for impairment | $ 561,503 | $ 601,151 |
| Air Ticketing [Member] | ||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||
| Allocation of goodwill recognized for impairment | 223,552 | 241,127 |
| Hotels and Packages [Member] | ||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||
| Allocation of goodwill recognized for impairment | 206,946 | 218,209 |
| ibibo Group - redBus [Member] | ||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||
| Allocation of goodwill recognized for impairment | 127,292 | 132,641 |
| Other Units Without Significant Goodwill [Member] | ||
| Disclosure Of Information For Individual Asset Or Cash Generating Unit With Significant Amount Of Goodwill Or Intangible Assets [Line Items] | ||
| Allocation of goodwill recognized for impairment | $ 3,713 | $ 9,174 |
Intangible Assets and Goodwill - Summary of Assumption for Calculation of Cash flow Projections (Detail) |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Air Ticketing [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Discount rate (pre-tax) | 19.50% | 18.60% |
| Discount rate (post-tax) | 17.20% | 16.40% |
| Terminal value growth rate | 4.50% | 4.50% |
| Hotels and Packages [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Discount rate (pre-tax) | 19.80% | 18.30% |
| Discount rate (post-tax) | 17.20% | 16.40% |
| Terminal value growth rate | 4.50% | 4.50% |
| ibibo Group - redBus [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Discount rate (pre-tax) | 19.70% | 18.60% |
| Discount rate (post-tax) | 17.20% | 16.40% |
| Terminal value growth rate | 4.00% | 4.00% |
| EBITDA margin | 8.80% | 8.50% |
| Bottom of Range [Member] | Air Ticketing [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 12.00% | 13.20% |
| EBITDA margin | 4.70% | 4.60% |
| Bottom of Range [Member] | Hotels and Packages [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 8.10% | 5.90% |
| EBITDA margin | 14.10% | 14.60% |
| Bottom of Range [Member] | ibibo Group - redBus [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 12.00% | 15.00% |
| EBITDA margin | 14.50% | 5.20% |
| Top of Range [Member] | Air Ticketing [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 23.10% | 54.70% |
| EBITDA margin | 11.30% | 13.80% |
| Top of Range [Member] | Hotels and Packages [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 25.40% | 61.20% |
| EBITDA margin | 20.40% | 15.70% |
| Top of Range [Member] | ibibo Group - redBus [Member] | ||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | ||
| Adjusted margin growth rate | 22.80% | 79.00% |
| EBITDA margin | 18.90% | 24.30% |
Intangible Assets and Goodwill - Summary of Assumption for Calculation of Cash flow Projections (Parenthetical) (Detail) |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Air Ticketing [Member] | |||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | |||
| EBITDA margin period | 5 years | 5 years | |
| Hotels and Packages [Member] | |||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | |||
| EBITDA margin period | 5 years | 5 years | |
| ibibo Group - redBus [Member] | |||
| Disclosure of Assumption for Calculation of Cash flow Projections [Line Items] | |||
| EBITDA margin period | 5 years | 5 years | 5 years |
Tax Assets and Liabilities - Summary of Unrecognized Deferred Tax Assets (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Components Of Deferred Tax Assets [Line Items] | ||
| Unrecognized deferred tax assets | $ 196,023 | $ 213,251 |
| Deductible temporary differences [Member] | ||
| Disclosure Of Components Of Deferred Tax Assets [Line Items] | ||
| Unrecognized deferred tax assets | 40,735 | 42,682 |
| Tax losses carry forward [Member] | ||
| Disclosure Of Components Of Deferred Tax Assets [Line Items] | ||
| Unrecognized deferred tax assets | $ 155,288 | $ 170,569 |
Tax Assets and Liabilities - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Bottom of Range [Member] | ||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | ||
| Tax loss expiration period | 2024 | |
| Top of Range [Member] | ||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | ||
| Tax loss expiration period | 2042 | |
| Indian Subsidiaries [Member] | ||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | ||
| Unabsorbed depreciation carried forward for an indefinite period | $ 18,119 | $ 30,972 |
Tax Assets and Liabilities - Summary of Recognized Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|---|---|---|---|
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax liabilities | $ (822) | $ (2,596) | |
| Deferred tax assets and liabilities | (822) | (2,596) | $ (3,864) |
| Carrying amounts [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 12,575 | 17,055 | |
| Deferred tax liabilities | (13,397) | (19,651) | |
| Deferred tax assets and liabilities | (822) | (2,596) | |
| Carrying amounts [Member] | Property, plant and equipment [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 86 | 85 | |
| Deferred tax assets and liabilities | 86 | 85 | |
| Carrying amounts [Member] | Intangible assets, excluding goodwill [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax liabilities | (11,315) | (15,337) | |
| Deferred tax assets and liabilities | (11,315) | (15,337) | |
| Carrying amounts [Member] | Trade and other receivables [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 43 | 47 | |
| Deferred tax assets and liabilities | 43 | 47 | |
| Carrying amounts [Member] | Convertible notes [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax liabilities | (2,082) | (4,314) | |
| Deferred tax assets and liabilities | (2,082) | (4,314) | |
| Carrying amounts [Member] | Employee benefits [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 86 | 92 | |
| Deferred tax assets and liabilities | 86 | 92 | |
| Carrying amounts [Member] | Other non-current liabilities [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 10 | 23 | |
| Deferred tax assets and liabilities | 10 | 23 | |
| Carrying amounts [Member] | Tax loss carry forwards [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 12,350 | 16,808 | |
| Deferred tax assets and liabilities | 12,350 | 16,808 | |
| Carrying amounts [Member] | Set off [Member] | |||
| Disclosure Of Components Of Deferred Tax Assets And Liabilities [Line Items] | |||
| Deferred tax assets | 12,575 | 17,055 | |
| Deferred tax liabilities | $ (12,575) | $ (17,055) |
Tax Assets and Liabilities - Summary of Movement in Deferred Tax Assets/(Liabilities) (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | $ (2,596) | $ (3,864) | |
| Acquired in business combinations | (140) | ||
| Recognised in profit or loss | 1,849 | 1,241 | |
| Recognised directly in equity | 0 | 0 | $ (6,646) |
| Effects of movement in foreign exchange rates | 65 | 27 | |
| Ending balance | (822) | (2,596) | (3,864) |
| Property, plant and equipment [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 85 | ||
| Recognised in profit or loss | 8 | 86 | |
| Effects of movement in foreign exchange rates | (7) | (1) | |
| Ending balance | 86 | 85 | |
| Intangible assets, excluding goodwill [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | (15,337) | (19,410) | |
| Acquired in business combinations | (342) | ||
| Recognised in profit or loss | 4,093 | 3,203 | |
| Effects of movement in foreign exchange rates | 271 | 870 | |
| Ending balance | (11,315) | (15,337) | (19,410) |
| Trade and other receivables [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 47 | 48 | |
| Effects of movement in foreign exchange rates | (4) | (1) | |
| Ending balance | 43 | 47 | 48 |
| Convertible notes [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | (4,314) | 6,364 | |
| Recognised in profit or loss | 2,232 | 2,050 | |
| Ending balance | (2,082) | (4,314) | 6,364 |
| Employee benefits [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 92 | 73 | |
| Recognised in profit or loss | 1 | 22 | |
| Effects of movement in foreign exchange rates | (7) | (3) | |
| Ending balance | 86 | 92 | 73 |
| Share Based Payments [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 111 | ||
| Recognised in profit or loss | (111) | ||
| Ending balance | 111 | ||
| Tax losses carry forward [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 16,808 | 21,670 | |
| Acquired in business combinations | 202 | ||
| Recognised in profit or loss | (4,474) | (4,025) | |
| Effects of movement in foreign exchange rates | (186) | (837) | |
| Ending balance | 12,350 | 16,808 | 21,670 |
| Other non-current liabilities [Member] | |||
| Disclosure of Movement in Temporary Differences [Line Items] | |||
| Beginning balance | 23 | 8 | |
| Recognised in profit or loss | (11) | 16 | |
| Effects of movement in foreign exchange rates | (2) | (1) | |
| Ending balance | $ 10 | $ 23 | $ 8 |
Trade and Other Receivables - Summary of Trade and Other Receivables (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Trade And Other Receivables [Abstract] | ||
| Trade and other receivables, net of provision | $ 61,699 | $ 29,464 |
| Security deposits, net of provision | 8,260 | 6,516 |
| Interest accrued | 4,855 | 3,408 |
| Due from employees | 212 | 235 |
| Total | 75,026 | 39,623 |
| Non-current | 6,179 | 3,713 |
| Current | $ 68,847 | $ 35,910 |
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
Mar. 31, 2020 |
|---|---|---|---|---|
| Cash and cash equivalents [abstract] | ||||
| Cash in hand | $ 80 | $ 24 | ||
| Funds in transit | 37,878 | 32,749 | ||
| Bank balances | 168,779 | 153,389 | ||
| Term deposits | 77,281 | 27,121 | ||
| Total | $ 284,018 | $ 213,283 | $ 295,066 | $ 129,881 |
Cash and Cash Equivalents - Additional Information (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Cash and cash equivalents [abstract] | ||
| Letter of credit and bank guarantee issued to various airlines against bank balances | $ 453 | $ 45 |
Term Deposits - Schedule of Term Deposits (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Term Deposit [Abstract] | ||
| Term deposits | $ 202,674 | $ 264,185 |
| Non-current | 5,618 | 6 |
| Current | 197,056 | 264,179 |
| Total | $ 202,674 | $ 264,185 |
Term Deposits - Additional Information (Detail) - USD ($) |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Term Deposit [Abstract] | ||
| Term deposits marked as lien with National Company Law Appellate Tribunal | $ 2,727,000 | $ 0 |
| Pledged with banks against bank guarantees, bank over draft facility and other facilities | $ 1,269,000 | $ 594,000 |
Other Current Assets - Summary of Other Current Assets (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Other Current Assets [Abstract] | ||
| Advance to suppliers | $ 116,190 | $ 72,877 |
| Prepaid expenses | 3,519 | 4,228 |
| Receivable from related party | 49 | |
| Other assets | 2,206 | 877 |
| Total | $ 121,964 | $ 77,982 |
Other Current Assets - Summary of Other Current Assets (Detail) (Parenthetical) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Other Current Assets [Abstract] | ||
| Other assets amount recoverable held in escrow | $ 117 | $ 117 |
| Advance amount supplied | 20,487 | |
| Advance amount subsequently used | $ 12,858 |
Other Non-Current Assets - Summary of Other Non-Current Assets (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
||
|---|---|---|---|---|
| Other Non Current Assets [Abstract] | ||||
| Prepaid expenses | $ 53 | $ 82 | ||
| Receivable from related party | [1] | 53 | ||
| Total | $ 53 | $ 135 | ||
| ||||
Capital and Reserves - Schedule of Share Capital and Share Premium (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | $ 896,475 | $ 891,187 | $ 862,292 |
| Shares issued during the year on exercise of share based awards | 35,643 | 36,645 | 38,399 |
| Ending balance | 876,056 | 896,475 | 891,187 |
| Share Capital [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 53 | 53 | 52 |
| Ending balance | 53 | 53 | 53 |
| Share Premium [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 2,034,663 | 2,021,197 | 1,985,555 |
| Ending balance | $ 2,057,362 | $ 2,034,663 | $ 2,021,197 |
| Ordinary shares [member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 65,606,041 | 65,065,075 | |
| Shares issued during the year on exercise of share based awards | 856,521 | 540,966 | |
| Ending balance | 66,462,562 | 65,606,041 | 65,065,075 |
| Ordinary shares [member] | Share Capital [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | $ 33 | $ 33 | |
| Ending balance | 33 | 33 | $ 33 |
| Ordinary shares [member] | Share Premium [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 816,743 | 803,277 | |
| Shares issued during the year on exercise of share based awards | 22,699 | 13,466 | |
| Ending balance | $ 839,442 | $ 816,743 | $ 803,277 |
| Class B Shares [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 39,667,911 | 39,667,911 | |
| Ending balance | 39,667,911 | 39,667,911 | 39,667,911 |
| Class B Shares [Member] | Share Capital [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | $ 20 | $ 20 | |
| Ending balance | 20 | 20 | $ 20 |
| Class B Shares [Member] | Share Premium [Member] | |||
| Disclosure of classes of share capital [Line Items] | |||
| Beginning balance | 1,217,920 | 1,217,920 | |
| Ending balance | $ 1,217,920 | $ 1,217,920 | $ 1,217,920 |
Capital and Reserves - Additional Information (Details) |
Mar. 31, 2023
$ / shares
|
|---|---|
| Ordinary shares [member] | |
| Disclosure of classes of share capital [Line Items] | |
| Par value per share | $ 0.0005 |
| Class B Shares [Member] | |
| Disclosure of classes of share capital [Line Items] | |
| Par value per share | $ 0.0005 |
Loss Per Share - Computation of Basic and Diluted Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Earnings per share [abstract] | |||
| Loss attributable to ordinary shareholders (including Class B shareholders) | $ (11,321) | $ (45,405) | $ (55,639) |
| Weighted average number of ordinary shares (including Class B shares) outstanding used in computing basic loss per share | 109,656,200 | 108,471,149 | 106,797,245 |
| Weighted average number of ordinary shares (including Class B shares) outstanding used in computing dilutive loss per share | 109,656,200 | 108,471,149 | 106,797,245 |
| Basic | $ (0.10) | $ (0.42) | $ (0.52) |
| Diluted | $ (0.10) | $ (0.42) | $ (0.52) |
Loss Per Share - Additional information (Detail) - shares |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Earnings per share [abstract] | |||
| Employees share based awards were excluded from the diluted weighted average number of ordinary shares calculation | 1,336,069 | 1,430,737 | 1,965,251 |
| Ordinary shares issuable on conversion of convertible notes excluded from the diluted weighted average number of ordinary shares calculation | 5,934,810 | 5,934,810 | 812,988 |
Loans and Borrowings - Summary of Interest Bearing Loans and Borrowings Measured At Amortized Cost/Fair Value (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Non-current liabilities | ||
| Non-current portion of non-current borrowings | $ 15,650 | $ 213,808 |
| Lease liabilities | 13,747 | 11,613 |
| Current liabilities | ||
| Current borrowings and current portion of non-current borrowings | 219,514 | 2,776 |
| Current portion of lease liabilities | 2,632 | 2,339 |
| Current portion of convertible notes | 216,118 | |
| Secured bank loans [Member] | ||
| Non-current liabilities | ||
| Non-current portion of non-current borrowings | 1,903 | 955 |
| Current liabilities | ||
| Current borrowings and current portion of non-current borrowings | $ 764 | 437 |
| Convertible notes [Member] | ||
| Non-current liabilities | ||
| Convertible notes | $ 201,240 |
Loans and Borrowings - Additional Information (Detail) - USD ($) |
12 Months Ended | 36 Months Ended | ||
|---|---|---|---|---|
Feb. 09, 2021 |
Mar. 31, 2023 |
Mar. 31, 2022 |
Feb. 15, 2024 |
|
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Notes maturity date | Feb. 15, 2028 | |||
| Notes repurchase description | Holders of the Notes have the right to require the Company to repurchase for cash all or part of their Notes on February 15, 2024 and February 15, 2026 (each, a “repurchase date”) at a repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the relevant repurchase date. | |||
| Percent of repurchase price equal to principal amount of notes to be repurchased | 100.00% | |||
| Notes redemption description | Company may, at its option, redeem the Notes, in whole but not in part, following the occurrence certain tax law changes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date (unless the redemption date falls after a special interest record date but on or prior to the special interest payment date to which such special interest record date relates, in which case the Company will instead pay the full amount of accrued and unpaid special interest, if any, to the holder of record as of the close of business on such special interest record date, and the redemption price will be equal to 100% of the principal amount of the Notes to be redeemed). | |||
| Percent of redemption price equal to principal amount of notes to be redeemed | 100.00% | |||
| Notes repurchase on fundamental change description | Upon the occurrence of a fundamental change, holders may require the Company to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the fundamental change repurchase date. | |||
| Remaining period of accreted principal amount | 10 months 17 days | 1 year 10 months 17 days | ||
| Credit facilities maximum funding amount | $ 49,203,000 | $ 62,461,000 | ||
| Credit facilities from affiliate | 70,000,000 | |||
| Credit facilities limits for bank guarantee | 39,620,000 | 10,670,000 | ||
| Assets pledged as collateral | 107,683,000 | 51,223,000 | ||
| Motor Vehicles [Member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Carrying amount of vehicles | $ 3,014,000 | $ 1,543,000 | ||
| Events After Reporting Period [Member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Accreted effective interest rate | 7.39% | |||
| Ordinary Share [Member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Par value per share | $ 0.0005 | |||
| Notes [member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Principal amount | $ 230,000,000 | |||
| Convertible senior notes interest rate | 0.00% | |||
| Notes [member] | Ordinary Share [Member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Principal amount | $ 1,000 | |||
| Initial conversion rate | 25.8035 | |||
| Par value per share | $ 0.0005 | |||
| Conversion price per share | $ 38.75 | |||
| Full Exercise of the Initial Purchasers' Option to Purchase Additional Notes [Member] | ||||
| Disclosure Of Loans And Borrowings [Line Items] | ||||
| Principal amount | $ 30,000,000 | |||
Loans and Borrowings - Schedule of Terms and Conditions of Outstanding Loans, Lease Liabilities and Convertible Notes (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Lease Liabilities [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Year of maturity | 2022 - 2028 | 2022 - 2028 |
| Original value | $ 38,791 | $ 33,222 |
| Carrying amount | $ 16,379 | $ 13,952 |
| Lease Liabilities [Member] | Bottom of Range [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Interest rate | 10.00% | 10.00% |
| Lease Liabilities [Member] | Top of Range [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Interest rate | 12.00% | 12.00% |
| INR 1 [Member] | Secured bank loans [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Year of maturity | 2022 - 2028 | 2022 - 2028 |
| Original value | $ 3,397 | $ 2,154 |
| Carrying amount | $ 2,667 | $ 1,392 |
| INR 1 [Member] | Secured bank loans [Member] | Bottom of Range [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Interest rate | 7.00% | 7.00% |
| INR 1 [Member] | Secured bank loans [Member] | Top of Range [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Interest rate | 10.00% | 10.00% |
| USD [Member] | Convertible notes [Member] | ||
| Disclosure Of Loans And Borrowings [Line Items] | ||
| Interest rate | 7.39% | 7.39% |
| Year of maturity | 2024 | 2024 |
| Original value | $ 230,000 | $ 230,000 |
| Carrying amount | $ 216,118 | $ 201,240 |
Loans and Borrowings - Summary of Changes in Cash Flows from Financing Activities (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items] | |||
| Beginning balance | $ 216,584 | $ 203,955 | $ 25,584 |
| Proceeds from issuance of convertible notes (excluding equity component) | 191,127 | ||
| Proceeds from bank loans | 2,168 | 1,169 | 191 |
| Repayment of bank loans (refer note 28) | (749) | (479) | (505) |
| Direct cost incurred in relation to convertible notes (excluding equity component) | (5,434) | ||
| Acquired thourgh business combination | 199 | ||
| Additions to lease liabilities | 7,255 | 1,804 | 1,277 |
| Adjustment due to modifications | (1,435) | (1,053) | (8,564) |
| Payment of lease liabilites | (2,415) | (1,771) | (2,045) |
| Interest accrued | 16,621 | 15,313 | 3,864 |
| Interest paid | (1,743) | (1,647) | (1,983) |
| Effect of change in foreign exchange rates | (1,321) | (707) | 443 |
| Ending balance | 235,164 | 216,584 | 203,955 |
| Secured Bank Loans [Member] | |||
| Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items] | |||
| Beginning balance | 1,392 | 735 | 1,031 |
| Proceeds from bank loans | 2,168 | 1,169 | 191 |
| Repayment of bank loans (refer note 28) | (749) | (479) | (505) |
| Interest accrued | 189 | 78 | 116 |
| Interest paid | (189) | (78) | (116) |
| Effect of change in foreign exchange rates | (144) | (33) | 18 |
| Ending balance | 2,667 | 1,392 | 735 |
| Convertible Notes [Member] | |||
| Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items] | |||
| Beginning balance | 201,240 | 187,574 | |
| Proceeds from issuance of convertible notes (excluding equity component) | 191,127 | ||
| Direct cost incurred in relation to convertible notes (excluding equity component) | (5,434) | ||
| Interest accrued | 14,878 | 13,666 | 1,881 |
| Ending balance | 216,118 | 201,240 | 187,574 |
| Lease Liabilities [Member] | |||
| Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items] | |||
| Beginning balance | 13,952 | 15,646 | 24,553 |
| Acquired thourgh business combination | 199 | ||
| Additions to lease liabilities | 7,255 | 1,804 | 1,277 |
| Adjustment due to modifications | (1,435) | (1,053) | (8,564) |
| Payment of lease liabilites | (2,415) | (1,771) | (2,045) |
| Interest accrued | 1,554 | 1,569 | 1,867 |
| Interest paid | (1,554) | (1,569) | (1,867) |
| Effect of change in foreign exchange rates | (1,177) | (674) | 425 |
| Ending balance | $ 16,379 | $ 13,952 | $ 15,646 |
Other Current Liabilities - Summary of Other Current Liabilities (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Other Current Liabilities [Abstract] | ||
| Statutory liabilities | $ 18,750 | $ 16,049 |
| Employee related payables | 6,929 | 6,053 |
| Refund due to customers | 34,025 | 35,970 |
| Deferred income | 279 | 384 |
| Other liabilities (related to Hotel Travel Group) (refer note 14) | 4,320 | 8,680 |
| Other liabilities (related to business combination) (refer note 7 (a)) | 4,855 | 5,266 |
| Total | $ 69,158 | $ 72,402 |
Other Non-current Liabilities - Schedule of Other Non-current Liabilities (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Other Non Current Liabilities [Abstract] | ||
| Deferred income | $ 77 | $ 407 |
| Other liabilities (related to Hotel Travel Group) (refer note 14) | 4,320 | |
| Other liabilities (related to business combination) (refer note 7 (a) and 7 (c)) | 4,513 | 4,809 |
| Total | $ 4,590 | $ 9,536 |
Trade and Other Payables - Summary of Trade and Other Payables (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Trade And Other Payables [Abstract] | ||
| Trade payables | $ 45,748 | $ 33,518 |
| Accrued expenses | 44,032 | 29,309 |
| Total | $ 89,780 | $ 62,827 |
Provisions - Summary of Movement of Provisions (Parenthetical) (Detail) - HT - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Feb. 15, 2022 |
Mar. 31, 2022 |
|
| Disclosure Of Other Provisions [Line Items] | ||
| Litigation settlement amount | $ 35,500 | |
| Settlement amount payment period | 18 months | |
| Excess provision amount reversed | $ 3,704 |
Employee Benefits - Summary of Employee Benefits (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of defined benefit plans [abstract] | ||
| Net defined benefit liability | $ 7,090 | $ 7,258 |
| Other long term employee benefit (liability for compensated absences) | 1,796 | 1,828 |
| Total employee benefit liabilities | $ 8,886 | $ 9,086 |
Employee Benefits - Summary of Employee Benefits (Present Value of Funded Obligation) (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of defined benefit plans [abstract] | ||
| Present value of unfunded obligation | $ 7,090 | $ 7,258 |
| Total | $ 7,090 | $ 7,258 |
Employee Benefits - Disclosure of Reconciliation From Opening Balances to Closing Balances For Net Defined Liability and Its Components (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|||
| Disclosure Of Defined Benefit Plans [Line Items] | ||||
| Balance as at April 1 | $ 7,258 | $ 5,849 | ||
| Acquired through business combination (refer note 7(b) and 7 (c)) | 115 | |||
| Included in profit or loss | ||||
| Current service cost | 1,133 | 1,083 | ||
| Interest cost (income) | 383 | 306 | ||
| Included in profit or loss, total | 1,516 | 1,389 | ||
| Included in other comprehensive income | ||||
| -demographic assumptions | (9) | |||
| -financial assumptions | (327) | (155) | ||
| -experience adjustment | (130) | 616 | ||
| -Return on plan assets excluding interest income | (2) | (35) | ||
| Included in other comprehensive income, total | (468) | 426 | ||
| Effects of movement in foreign exchange rates | (594) | (217) | ||
| Other | ||||
| Contribution by employer | (1) | (2) | ||
| Liquidation of plan assets | [1] | 229 | ||
| Benefits paid | (736) | (416) | ||
| Balance as at March 31 | 7,090 | 7,258 | ||
| Defined Benefit Obligation [Member] | ||||
| Disclosure Of Defined Benefit Plans [Line Items] | ||||
| Balance as at April 1 | 7,457 | 6,490 | ||
| Acquired through business combination (refer note 7(b) and 7 (c)) | 115 | |||
| Included in profit or loss | ||||
| Current service cost | 1,133 | 1,083 | ||
| Interest cost (income) | 394 | 329 | ||
| Included in profit or loss, total | 1,527 | 1,412 | ||
| Included in other comprehensive income | ||||
| -demographic assumptions | (9) | |||
| -financial assumptions | (327) | (155) | ||
| -experience adjustment | (130) | 616 | ||
| Included in other comprehensive income, total | (466) | 461 | ||
| Effects of movement in foreign exchange rates | (609) | (231) | ||
| Other | ||||
| Benefits paid | (779) | (675) | ||
| Balance as at March 31 | 7,245 | 7,457 | ||
| Fair Value of Plan Assets [Member] | ||||
| Disclosure Of Defined Benefit Plans [Line Items] | ||||
| Balance as at April 1 | (199) | (641) | ||
| Included in profit or loss | ||||
| Interest cost (income) | (11) | (23) | ||
| Included in profit or loss, total | (11) | (23) | ||
| Included in other comprehensive income | ||||
| -Return on plan assets excluding interest income | (2) | (35) | ||
| Included in other comprehensive income, total | (2) | (35) | ||
| Effects of movement in foreign exchange rates | 15 | 14 | ||
| Other | ||||
| Contribution by employer | (1) | (2) | ||
| Liquidation of plan assets | [1] | 229 | ||
| Benefits paid | 43 | 259 | ||
| Balance as at March 31 | $ (155) | $ (199) | ||
| ||||
Employee Benefits - Summary of Net Defined Benefit Liability (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Net Defined Benefit Liability Asset [Line Items] | ||
| Net defined benefit liability | $ 7,090 | $ 7,258 |
| Defined Benefit Obligation [Member] | ||
| Disclosure Of Net Defined Benefit Liability Asset [Line Items] | ||
| Present value of unfunded obligation | 7,245 | 7,457 |
| Fair Value of Plan Assets [Member] | ||
| Disclosure Of Net Defined Benefit Liability Asset [Line Items] | ||
| Less: fair value of plan assets | $ (155) | $ (199) |
Employee Benefits - Summary of Actuarial Assumptions (Detail) |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Bottom of Range [Member] | ||
| Disclosure Of Defined Benefit Plans [Line Items] | ||
| Discount rate (per annum) | 7.00% | 5.80% |
| Future salary growth (per annum) | 5.00% | 5.00% |
| Withdrawal rate | 5.00% | 10.00% |
| Retirement age (years) | 58 years | 58 years |
| Top of Range [Member] | ||
| Disclosure Of Defined Benefit Plans [Line Items] | ||
| Discount rate (per annum) | 7.20% | 6.70% |
| Future salary growth (per annum) | 11.00% | 11.00% |
| Withdrawal rate | 25.00% | 25.00% |
| Retirement age (years) | 65 years | 60 years |
Employee Benefits - Summary of Sensitivity Analysis for Actuarial Assumptions (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
| Discount rate (1% movement) | $ (269) | $ (287) |
| Future salary growth (1% movement) | 281 | 307 |
| Withdrawal rates (10% movement) | (514) | (611) |
| Discount rate (1% movement) | 292 | 312 |
| Future salary growth (1% movement) | (266) | (291) |
| Withdrawal rates (10% movement) | $ 883 | $ 1,120 |
Employee Benefits - Summary of Sensitivity Analysis for Actuarial Assumptions (Parenthetical) (Detail) |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
| Percentage of change in discount rate | 1.00% | 1.00% |
| Percentage of change in future salary growth | 1.00% | 1.00% |
| Percentage of change in withdrawal rate | 10.00% | 10.00% |
Employee Benefits - Disclosure of Plan Assets (Detail) |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of defined benefit plans [abstract] | ||
| Funds managed by the insurer | 100.00% | 100.00% |
Employee Benefits - Summary of Expected Benefit Payments (Detail) $ in Thousands |
Mar. 31, 2023
USD ($)
|
|---|---|
| Disclosure of defined benefit plans [abstract] | |
| March 31, 2024 | $ 1,605 |
| March 31, 2025 | 1,502 |
| March 31, 2026 | 1,476 |
| March 31, 2027 | 1,558 |
| March 31, 2028 | 1,890 |
| Thereafter | $ 6,773 |
Employee Benefits - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Disclosure Of Defined Benefit Plans [Line Items] | ||
| Estimate of contributions expected to be paid to plan for next annual reporting period | $ 68 | |
| Bottom of Range [Member] | ||
| Disclosure Of Defined Benefit Plans [Line Items] | ||
| Weighted average duration of defined benefit obligation | 3 years 6 months | 4 years |
| Top of Range [Member] | ||
| Disclosure Of Defined Benefit Plans [Line Items] | ||
| Weighted average duration of defined benefit obligation | 8 years | 7 years |
Share Based Payment - Additional Information (Detail) |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Mar. 31, 2023
USD ($)
shares
StockOption
$ / shares
|
Mar. 31, 2022
USD ($)
shares
StockOption
$ / shares
|
Mar. 31, 2021
USD ($)
shares
$ / shares
|
Mar. 31, 2020
shares
$ / shares
|
Mar. 31, 2010
shares
|
|
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Equity-settled share based payment (refer note 33) | $ | $ 35,643,000 | $ 36,645,000 | $ 35,589,000 | ||
| Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 1,455,554 | 2,413,442 | 1,478,191 | ||
| Vesting conditions | Refer notes | Refer notes | Refer notes | ||
| RSU exercised during the year | 757,821 | 523,127 | 1,465,072 | ||
| Weighted average exercise price | $ / shares | $ 0.0005 | $ 0.0005 | $ 0.0005 | $ 0.0005 | |
| Weighted average contractual life in years | 3 years 10 months 24 days | 4 years 3 months 18 days | 4 years 2 months 12 days | ||
| Share based payment expense for options recognized under personnel expenses | $ | $ 34,651,000 | $ 32,921,000 | $ 28,141,000 | ||
| Restricted Stock Units [Member] | Bottom of Range [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Grant date fair value of RSUs | $ | $ 24.25 | $ 24.16 | $ 13.34 | ||
| Weighted average contractual life in years | 4 years | 4 years | 4 years | ||
| Restricted Stock Units [Member] | Top of Range [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Grant date fair value of RSUs | $ | $ 32.62 | $ 32.97 | $ 30.92 | ||
| Weighted average contractual life in years | 8 years | 9 years | 8 years | ||
| At the end of one year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 10.00% | 10.00% | 10.00% | ||
| RSUs expiry | expiry of 12 months from the grant date | expiry of 12 months from the grant date | expiry of 12 months from the grant date | ||
| At the end of two years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 24 months from the grant date | expiry of 24 months from the grant date | expiry of 24 months from the grant date | ||
| At the end of three years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 30.00% | 30.00% | 30.00% | ||
| RSUs expiry | expiry of 36 months from the grant date | expiry of 36 months from the grant date | expiry of 36 months from the grant date | ||
| At the end of four years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 40.00% | 40.00% | 40.00% | ||
| RSUs expiry | expiry of 48 months from the grant date | expiry of 48 months from the grant date | expiry of 48 months from the grant date | ||
| Vesting Period Of Four Years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | vesting over 4 years | vesting over 4 years | vesting over 4 years | ||
| Fully Vested | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| RSU exercised during the year | 163 | 861 | 583 | ||
| MakeMyTrip.com Equity Option Plan [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Options granted | 0 | 0 | 0 | 2,703,810 | |
| Vesting Option One [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 2,529 | 205,872 | |||
| Tranche | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 1,120,117 | 1,072,635 | 484,152 | ||
| Tranche | At the end of one year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | 12 months from the grant date | 12 months from the grant date | 12 months from the grant date | ||
| Tranche | At the end of two years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 24 months from the grant date | expiry of 24 months from the grant date | expiry of 24 months from the grant date | ||
| Tranche | At the end of three years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 36 months from the grant date, | expiry of 36 months from the grant date, | expiry of 36 months from the grant date, | ||
| Tranche | At the end of four years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 48 months from the grant date | expiry of 48 months from the grant date | expiry of 48 months from the grant date | ||
| Tranche | Vesting Period Of Four Years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | vesting over 4 years | vesting over 4 years | vesting over 4 years | ||
| Vesting Option Two [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 564,541 | ||||
| Vesting Option Two [Member] | At the end of one year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 12 months from the grant date | expiry of 12 months from the grant date | expiry of 12 months from the grant date | ||
| Vesting Option Two [Member] | At the end of two years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 24 months from the grant date | expiry of 24 months from the grant date | expiry of 24 months from the grant date | ||
| Vesting Option Two [Member] | At the end of three years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 36 months from the grant date | expiry of 36 months from the grant date | expiry of 36 months from the grant date | ||
| Vesting Option Two [Member] | At the end of four years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 48 months from the grant date | expiry of 48 months from the grant date | expiry of 48 months from the grant date | ||
| Vesting Option Two [Member] | At the end to five years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | 20.00% | 20.00% | ||
| RSUs expiry | expiry of 60 months from the grant date | expiry of 60 months from the grant date | expiry of 60 months from the grant date | ||
| Vesting Option Two [Member] | Vesting Period of Two Years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | vesting over 5 years | vesting over 5 years | vesting over 5 years | ||
| Vesting Option Three [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 251,750 | ||||
| Vesting Option Three [Member] | At the end of two years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 24 months from the grant date | expiry of 24 months from the grant date | expiry of 24 months from the grant date | ||
| Vesting Option Three [Member] | Vesting Period of Two Years [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | vesting over 2 years | vesting over 2 years | vesting over 2 years | ||
| Vesting Option Three [Member] | At the end of six months [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 6 months from the grant date | expiry of 6 months from the grant date | expiry of 6 months from the grant date | ||
| Vesting Option Three [Member] | At the end of one year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 12 months from the grant date | expiry of 12 months from the grant date | expiry of 12 months from the grant date | ||
| Vesting Option Three [Member] | At the end of eighteen months [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 18 months from the grant date | expiry of 18 months from the grant date | expiry of 18 months from the grant date | ||
| Vesting Option Four [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 209,611 | ||||
| Vesting Option Four [Member] | At the end of three months [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 3 months from the grant date | expiry of 3 months from the grant date | expiry of 3 months from the grant date | ||
| Vesting Option Four [Member] | At the end of six months [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 6 months from the grant date | expiry of 6 months from the grant date | expiry of 6 months from the grant date | ||
| Vesting Option Four [Member] | At the end of nine months [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 9 months from the grant date | expiry of 9 months from the grant date | expiry of 9 months from the grant date | ||
| Vesting Option Four [Member] | At the end of one year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 25.00% | 25.00% | 25.00% | ||
| RSUs expiry | expiry of 12 months from the grant date | expiry of 12 months from the grant date | expiry of 12 months from the grant date | ||
| Vesting Option Four [Member] | Vesting Period of One Year [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | vesting over 1 year | vesting over 1 year | vesting over 1 year | ||
| Tranche Three [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 325,444 | ||||
| Vesting conditions | 100% vesting on September 30, 2023 | ||||
| Percentage of maximum shares employees are eligible to receive | 150.00% | ||||
| Tranche Four [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 547,060 | 779 | |||
| Vesting percentage | 100.00% | ||||
| Tranche Five [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 335,274 | ||||
| Vesting percentage | 100.00% | 100.00% | 100.00% | ||
| Tranche Six [Member] | Restricted Stock Units [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Number of other equity instruments granted in share-based payment arrangement | 225,816 | ||||
| Vesting conditions | 100% vesting on September 30, 2026 | ||||
| Employee Stock Options [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Options granted | 0 | 0 | 0 | 21,588 | |
| Weighted average exercise price | $ / shares | $ 2,229 | $ 2,229 | $ 2,229 | ||
| Weighted average contractual life in years | 2 years 4 months 24 days | 3 years 4 months 24 days | 4 years 6 months | ||
| Description of employee stock options | Each ESOP represents the right to receive one hundred common equity shares of the Group | ||||
| Equity-settled share based payment (refer note 33) | $ | $ 966,000 | $ 3,724,000 | $ 7,448,000 | ||
| Employee Stock Option Plan 2015 [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Options granted | 0 | ||||
| Weighted average exercise price | $ / shares | $ 0.1232 | ||||
| Weighted average contractual life in years | 3 years 10 months 24 days | ||||
| Equity-settled share based payment (refer note 33) | $ | $ 26,000 | ||||
| Employee Stock Option Plan 2015 [Member] | At the end of three years [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | remaining 3 years | ||||
| Employee Stock Option Plan 2015 [Member] | Vesting Period Of One Years [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 10.00% | ||||
| Employee Stock Option Plan 2015 [Member] | Vesting Period Of Four Years [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 40.00% | ||||
| Vesting conditions | vesting over 4 years | vesting over 4 years | |||
| Number of Stock Options Graded | StockOption | 200 | 120 | |||
| Employee Stock Option Plan 2015 [Member] | Vesting Period of Two Years [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 20.00% | ||||
| Employee Stock Option Plan 2015 [Member] | Vesting Period of Three Years [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Graded percentage | 30.00% | ||||
| Vesting conditions | remaining period of 3 years | ||||
| Number of Stock Options Graded | StockOption | 15 | ||||
| Employee Stock Option Plan 2015 [Member] | Vesting Period of One Year [Member] | |||||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||||
| Vesting conditions | completion of one yea | ||||
| Number of Stock Options Graded | StockOption | 105 | ||||
Share Based Payment - Summary of Number and Weighted Average Exercise Price of Share Options (Detail) |
12 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2023
shares
$ / shares
|
Mar. 31, 2022
shares
$ / shares
|
Mar. 31, 2021
shares
$ / shares
|
|
| Restricted Stock Units [Member] | |||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Number of options outstanding, beginning balance | shares | 7,445,641 | 5,979,731 | 6,437,422 |
| Number of options, granted | shares | 1,455,554 | 2,413,442 | 1,478,191 |
| Number of options, Forfeited and expired | shares | (369,630) | (424,405) | (470,810) |
| Number of options, Exercised | shares | (757,821) | (523,127) | (1,465,072) |
| Number of options outstanding, ending balance | shares | 7,773,744 | 7,445,641 | 5,979,731 |
| Number of options, exercisable | shares | 4,327,478 | 3,869,396 | 3,328,012 |
| Weighted average exercise price per share outstanding, beginning balance | $ / shares | $ 0.0005 | $ 0.0005 | $ 0.0005 |
| Weighted average exercise price per share, Granted | $ / shares | 0.0005 | 0.0005 | 0.0005 |
| Weighted average exercise price per share, Forfeited and expired | $ / shares | 0.0005 | 0.0005 | 0.0005 |
| Weighted average exercise price per share, Exercised | $ / shares | 0.0005 | 0.0005 | 0.0005 |
| Weighted average exercise price per share outstanding, ending balance | $ / shares | 0.0005 | 0.0005 | 0.0005 |
| Weighted average exercise price per share, ending balance | $ / shares | $ 0.0005 | $ 0.0005 | $ 0.0005 |
| Employee Stock Options [Member] | |||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Number of options outstanding, beginning balance | shares | 19,489 | 19,489 | 21,588 |
| Number of options, Forfeited and expired | shares | (1,968) | ||
| Number of options, Exercised | shares | (987) | (131) | |
| Number of options outstanding, ending balance | shares | 18,502 | 19,489 | 19,489 |
| Number of options, exercisable | shares | 18,502 | 12,949 | 6,409 |
| Weighted average exercise price per share outstanding, beginning balance | $ / shares | $ 2,229 | $ 2,229 | $ 2,229 |
| Weighted average exercise price per share, Forfeited and expired | $ / shares | 2,229 | 2,229 | 2,229 |
| Weighted average exercise price per share, Exercised | $ / shares | 2,229 | 2,229 | 2,229 |
| Weighted average exercise price per share outstanding, ending balance | $ / shares | 2,229 | 2,229 | 2,229 |
| Weighted average exercise price per share, ending balance | $ / shares | $ 2,229 | 2,229 | 2,229 |
| MakeMyTrip.com Equity Option Plan [Member] | |||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Weighted average exercise price per share outstanding, beginning balance | $ / shares | 1.98 | 1.98 | |
| Weighted average exercise price per share, Exercised | $ / shares | $ 1.98 | ||
| Weighted average exercise price per share outstanding, ending balance | $ / shares | 1.98 | ||
| Weighted average exercise price per share, ending balance | $ / shares | $ 1.98 | ||
| Number of options outstanding, beginning balance | shares | 17,839 | 17,839 | |
| Number of options, Exercised | shares | (17,839) | ||
| Number of options outstanding, ending balance | shares | 17,839 | ||
| Number of options, exercisable | shares | 17,839 | ||
Share Based Payment - Summary of Terms and Conditions Relating to Grants under Share Incentive Plan (Detail) - Restricted Stock Units [Member] - shares |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Number of instruments | 1,455,554 | 2,413,442 | 1,478,191 |
| Vesting conditions | Refer notes | Refer notes | Refer notes |
| Contractual life | 3 years 10 months 24 days | 4 years 3 months 18 days | 4 years 2 months 12 days |
| Bottom of Range [Member] | |||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Contractual life | 4 years | 4 years | 4 years |
| Top of Range [Member] | |||
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
| Contractual life | 8 years | 9 years | 8 years |
Share Based Payment - Summary of Number and Weighted Average Exercise Price of Employee Stock Options under ESOP Plan 2015 (Detail) - Employee Stock Option Plan 2015 [Member] |
Mar. 31, 2023
shares
$ / shares
|
Mar. 31, 2022
shares
$ / shares
|
|---|---|---|
| Disclosure of terms and conditions of share-based payment arrangement [Line Items] | ||
| Number of options outstanding, balance | shares | 320 | 320 |
| Number of options, exercisable | shares | 196 | |
| Weighted average exercise price per share outstanding, balance | $ / shares | $ 0.1232 | $ 0.1232 |
| Weighted average exercise price per share, Exercisable | $ / shares | $ 0.1232 |
Financial Instruments - Summary of Maximum Exposure to Credit Risk (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | $ 561,687 | $ 517,120 |
| Trades and other receivables [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 75,026 | 39,623 |
| Trades and other receivables [Member] | Airlines [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 18,617 | 10,081 |
| Trades and other receivables [Member] | Retail customers [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 1,301 | 307 |
| Trades and other receivables [Member] | Corporate customers [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 35,079 | 14,905 |
| Trades and other receivables [Member] | Deposit With Hotels And Others [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 8,260 | 6,516 |
| Trades and other receivables [Member] | Others [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 11,769 | 7,814 |
| Receivable from related party [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 49 | 53 |
| Term deposits [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | 202,674 | 264,185 |
| Cash and cash equivalents (except cash in hand) [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Maximum credit exposure | $ 283,938 | $ 213,259 |
Financial Instruments - Summary of Age of Trade and Other Receivables Term Deposits and Security Deposits (Detail) - Trades and other receivables [Member] - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure Of Financial Assets [Line Items] | ||
| Trade and other receivables, Gross | $ 77,640 | $ 42,435 |
| Trade and other receivables, Impairment | 2,614 | 2,812 |
| Not past due [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Trade and other receivables, Gross | 39,796 | 19,827 |
| Past due 0-30 days [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Trade and other receivables, Gross | 18,417 | 11,407 |
| Past due 30-120 days [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Trade and other receivables, Gross | 12,446 | 5,564 |
| More than 120 days [Member] | ||
| Disclosure Of Financial Assets [Line Items] | ||
| Trade and other receivables, Gross | 6,981 | 5,637 |
| Trade and other receivables, Impairment | $ 2,614 | $ 2,812 |
Financial Instruments - Summary of Movement in Allowance for Impairment in Respect of Trade and Other Receivables (Detail) - Trade and other receivables [Member] - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Disclosure Of Financial Assets [Line Items] | ||
| Allowance account for credit losses of financial assets at beginning of period | $ 2,812 | $ 2,481 |
| Allowance for impairment | 349 | 904 |
| Reversal of allowance for impairment | (165) | |
| Amounts written off against the allowance | (195) | (493) |
| Effects of movement in exchange rate | (187) | (80) |
| Allowance account for credit losses of financial assets at end of period | $ 2,614 | $ 2,812 |
Financial Instruments - Summary of Contractual Maturities of Financial Liabilities, Including Estimated Interest Payments and Excluding Impact of Netting Agreements (Detail) - Liquidity risk [member] - Non-derivative Financial Liabilities [Member] - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | $ 372,657 | $ 338,456 |
| Contractual cash flows | (393,230) | (373,259) |
| 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (136,023) | (110,901) |
| 6-12 months [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (232,508) | (6,275) |
| 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (5,122) | (243,334) |
| 2-5 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (17,811) | (8,888) |
| More Than Five Years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (1,766) | (3,861) |
| Convertible notes [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 216,118 | 201,240 |
| Contractual cash flows | (230,000) | (230,000) |
| Convertible notes [Member] | 6-12 months [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (230,000) | |
| Convertible notes [Member] | 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (230,000) | |
| Lease Liabilities [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 16,379 | 13,952 |
| Contractual cash flows | (21,549) | (18,847) |
| Lease Liabilities [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (2,342) | (1,953) |
| Lease Liabilities [Member] | 6-12 months [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (2,046) | (1,706) |
| Lease Liabilities [Member] | 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (4,272) | (3,058) |
| Lease Liabilities [Member] | 2-5 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (11,124) | (8,269) |
| Lease Liabilities [Member] | More Than Five Years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (1,765) | (3,861) |
| Secured bank loans [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 2,667 | 1,392 |
| Contractual cash flows | (3,077) | (1,590) |
| Secured bank loans [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (485) | (278) |
| Secured bank loans [Member] | 6-12 months [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (462) | (249) |
| Secured bank loans [Member] | 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (850) | (444) |
| Secured bank loans [Member] | 2-5 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (1,279) | (619) |
| Secured bank loans [Member] | More Than Five Years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (1) | |
| Trades and other payables [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 89,780 | 62,827 |
| Contractual cash flows | (89,780) | (62,827) |
| Trades and other payables [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (89,780) | (62,827) |
| Other Liabilities Related to Business Combination [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 9,368 | 10,075 |
| Contractual cash flows | (10,479) | (11,025) |
| Other Liabilities Related to Business Combination [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (5,071) | (5,513) |
| Other Liabilities Related to Business Combination [Member] | 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (5,512) | |
| Other Liabilities Related to Business Combination [Member] | 2-5 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (5,408) | |
| Other Liabilities Related to Hotel Travel Group [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 4,320 | 13,000 |
| Contractual cash flows | (4,320) | (13,000) |
| Other Liabilities Related to Hotel Travel Group [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (4,320) | (4,360) |
| Other Liabilities Related to Hotel Travel Group [Member] | 6-12 months [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (4,320) | |
| Other Liabilities Related to Hotel Travel Group [Member] | 1-2 years [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | (4,320) | |
| Refund due to customers [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Carrying amount | 34,025 | 35,970 |
| Contractual cash flows | (34,025) | (35,970) |
| Refund due to customers [Member] | 6 months or less [Member] | ||
| Disclosure of financial liability [Line Items] | ||
| Contractual cash flows | $ (34,025) | $ (35,970) |
Financial Instruments - Summary of Liquidity and Financial Indebtedness Excluding Lease Liabilities (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
Mar. 31, 2020 |
|---|---|---|---|---|
| Disclosure Of Financial Assets And Liabilities [Abstract] | ||||
| Cash and cash equivalents | $ 284,018 | $ 213,283 | $ 295,066 | $ 129,881 |
| Term deposits | 202,674 | 264,185 | ||
| Loans and borrowings | (218,785) | (202,632) | ||
| Net cash position | $ 267,907 | $ 274,836 |
Financial Instruments - Summary of Currency Risk (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Between USD and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | $ (208,781) | $ (276,289) |
| Between AED and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | (54,818) | (82,414) |
| Trades and other receivables [Member] | Between USD and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | 3,411 | 1,288 |
| Trades and other receivables [Member] | Between AED and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | 32,370 | 10,485 |
| Trades and other payables [Member] | Between USD and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | (212,192) | (277,577) |
| Trades and other payables [Member] | Between AED and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | (664) | (656) |
| Loans and Borrowings [Member] | Between AED and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | (86,538) | $ (92,243) |
| Cash and cash equivalents [Member] | Between AED and INR [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
| Net exposure to foreign currency risk | $ 14 |
Financial Instruments - Summary of Currency Risk (Parenthetical) (Detail) - Between USD and INR [Member] - USD ($) |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
| Net exposure to foreign currency risk | $ (208,781,000) | $ (276,289,000) |
| Cash and cash equivalents [Member] | Top of Range [Member] | ||
| Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
| Net exposure to foreign currency risk | $ 1,000 |
Financial Instruments - Summary of Significant Exchange Rates Applied (Detail) |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Mar. 31, 2023
₨ / $
|
Mar. 31, 2023
₨ / $
₨ / د.إ
|
Mar. 31, 2022
₨ / $
|
Mar. 31, 2022
₨ / $
₨ / د.إ
|
Mar. 31, 2023
₨ / د.إ
|
Mar. 31, 2022
₨ / د.إ
|
|
| Foreign exchange rates [abstract] | ||||||
| Average exchange rate per unit | 0.0125 | 0.0458 | 0.0134 | 0.0493 | ||
| Reporting date rate per unit | 0.0122 | 0.0122 | 0.0132 | 0.0132 | 0.0447 | 0.0482 |
Financial Instruments - Currency Risk - Additional Information (Detail) |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| USD against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Strengthening of currency | 10.00% | 10.00% |
| AED against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Strengthening of currency | 10.00% | 10.00% |
Financial Instruments - Sensitivity Analysis of Exchange Rate (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| 10% strengthening of USD against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Effect of exchange rate changes | $ (20,878) | $ (25,117) |
| 10% strengthening of AED against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Effect of exchange rate changes | $ (4,983) | $ (7,492) |
Financial Instruments - Sensitivity Analysis - Additional Information (Detail) |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| USD against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Depreciation of currency | 10.00% | 10.00% |
| AED against INR [Member] | ||
| Disclosure of foreign exchange rates [Line Items] | ||
| Depreciation of currency | 10.00% | 10.00% |
Financial Instruments - Summary of Fair Values of Financial Assets and Liabilities, Together with Carrying Amounts (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | $ 1,192 | $ 3,932 |
| Financial assets not measured at fair value(Amortised cost) | 561,843 | 517,243 |
| Financial liabilities measured at fair value | 9,368 | 10,075 |
| Liabilities carried at amortized cost | 346,910 | 314,429 |
| Cost [Member] | Other Liabilities Related to Business Combination [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial liabilities measured at fair value | 9,368 | 10,075 |
| Cost [Member] | Convertible notes [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 216,118 | 201,240 |
| Cost [Member] | Secured bank loans [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 2,667 | 1,392 |
| Cost [Member] | Trades and other payables [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 89,780 | 62,827 |
| Cost [Member] | Refund due to customers [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 34,025 | 35,970 |
| Cost [Member] | Other Liabilities Related to Hotel Travel Group [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 4,320 | 13,000 |
| Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 1,192 | 3,932 |
| Financial assets not measured at fair value(Amortised cost) | 561,843 | 517,243 |
| Financial liabilities measured at fair value | 9,368 | 10,075 |
| Liabilities carried at amortized cost | 342,981 | 311,198 |
| Fair value [Member] | Other Liabilities Related to Business Combination [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial liabilities measured at fair value | 9,368 | 10,075 |
| Fair value [Member] | Convertible notes [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 212,189 | 198,009 |
| Fair value [Member] | Secured bank loans [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 2,667 | 1,392 |
| Fair value [Member] | Trades and other payables [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 89,780 | 62,827 |
| Fair value [Member] | Refund due to customers [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 34,025 | 35,970 |
| Fair value [Member] | Other Liabilities Related to Hotel Travel Group [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Liabilities carried at amortized cost | 4,320 | 13,000 |
| Other Investments- Equity Securities [Member] | Cost [Member] | FVOCI [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 452 | 452 |
| Other Investments- Equity Securities [Member] | Fair value [Member] | FVOCI [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 452 | 452 |
| Other Investments- Equity Securities [Member] | Cost [Member] | FVTPL [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 591 | 3,412 |
| Other Investments- Equity Securities [Member] | Fair value [Member] | FVTPL [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 591 | 3,412 |
| Other investments - other securities [Member] | Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 76 | 99 |
| Other investments - other securities [Member] | Cost [Member] | FVTPL [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 149 | 68 |
| Other investments - other securities [Member] | Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 76 | 99 |
| Other investments - other securities [Member] | Fair value [Member] | FVTPL [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets, at fair value | 149 | 68 |
| Trades and other receivables [Member] | Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 75,026 | 39,623 |
| Trades and other receivables [Member] | Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 75,026 | 39,623 |
| Term deposits [Member] | Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 202,674 | 264,185 |
| Term deposits [Member] | Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 202,674 | 264,185 |
| Cash and cash equivalents [Member] | Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 284,018 | 213,283 |
| Cash and cash equivalents [Member] | Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 284,018 | 213,283 |
| Receivable from related party [Member] | Cost [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | 49 | 53 |
| Receivable from related party [Member] | Fair value [Member] | ||
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | ||
| Financial assets not measured at fair value(Amortised cost) | $ 49 | $ 53 |
Financial Instruments - Summary of Financial Instruments Carried at Fair Value (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Level 1 [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Total Assets | $ 149 | $ 68 |
| Level 3 [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Total Assets | 1,043 | 3,864 |
| Other liabilities (related to business combination) | 9,368 | 10,075 |
| Total Liabilities | 9,368 | 10,075 |
| Financial assets measured at FVOCI [Member] | Level 3 [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Other investments | 452 | 452 |
| FVTPL [Member] | Level 1 [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Other investments - other securities | 149 | 68 |
| FVTPL [Member] | Level 3 [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Other investments - equity securities | 591 | 3,412 |
| Fair value [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Total Assets | 1,192 | 3,932 |
| Other liabilities (related to business combination) | 9,368 | 10,075 |
| Total Liabilities | 9,368 | 10,075 |
| Fair value [Member] | Financial assets measured at FVOCI [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Other investments | 452 | 452 |
| Fair value [Member] | FVTPL [Member] | ||
| Disclosure Of Financial Instruments [Line Items] | ||
| Other investments - equity securities | 591 | 3,412 |
| Other investments - other securities | $ 149 | $ 68 |
Financial Instruments - Fair Value Hierarchy - Additional Information (Detail) |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Disclosure Of Fair Value Measurement [Abstract] | |
| Transfers between Level 1, Level 2 or Level 3 of fair value hierarchy, description | There were no transfers between Level 1, Level 2 and Level 3 during the year. |
Financial Instruments - Summary of Reconciliation Fair Value Measurements in Level 3 of Fair Value Hierarchy (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Total gains and losses recognized in: | |||
| Equity instruments at FVOCI - net change in fair value, net of tax | $ 0 | $ 33,543 | $ 1,825 |
| Level 3 [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Opening balances | 10,075 | ||
| Total gains and losses recognized in: | |||
| Closing balances | 9,368 | 10,075 | |
| Opening balances | 3,864 | ||
| Total gains and losses recognized in: | |||
| Closing balances | 1,043 | 3,864 | |
| Level 3 [Member] | Other Liabilities Related to Business Combinations [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Opening balances | 10,075 | 14,875 | |
| Acquired in business combinations (refer note 7 (c)) | 4,411 | ||
| Total gains and losses recognized in: | |||
| —profit or loss | 673 | 1,181 | |
| -effect of movements in foreign exchange rates | (858) | (368) | |
| -equity | 102 | ||
| Payment during the period (refer note 7 (a)) | (5,035) | (5,613) | |
| Closing balances | 9,368 | 10,075 | 14,875 |
| Level 3 [Member] | Other Investments Equity Securities FVOCI [Member] | |||
| Total gains and losses recognized in: | |||
| Opening balances | 452 | 5,409 | |
| Total gains and losses recognized in: | |||
| Equity instruments at FVOCI - net change in fair value, net of tax | 33,543 | ||
| Proceeds from sale of investment (refer note 9) | (38,500) | ||
| Closing balances | 452 | 452 | $ 5,409 |
| Level 3 [Member] | Other Investments Equity Securities FVTPL [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Acquired during the year (refer note 8 (a)) | 3,412 | ||
| Total gains and losses recognized in: | |||
| Opening balances | 3,412 | ||
| Total gains and losses recognized in: | |||
| —profit or loss | (2,821) | ||
| Closing balances | $ 591 | $ 3,412 | |
Financial Instruments - Summary of Financial Instruments Measured at Fair Value (Detail) |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Other Investments- Equity Securities [Member] | FVTPL [Member] | |
| Disclosure Of Financial Instruments [Line Items] | |
| Valuation technique | Market comparison technique: The valuation model is based on market multiple derived from quoted prices of companies comparable to the investee. |
| Significant unobservable inputs | Net revenue multiple: 3.7 - 4.8 |
| Inter- relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: – the net revenue multiple was higher (lower) |
| Other Liabilities Related to Business Combinations [Member] | Q2T [Member] | |
| Disclosure Of Financial Instruments [Line Items] | |
| Valuation technique | Discounted cash flows: The valuation model considers the present value of the expected future payments, discounted using a risk-adjusted discount rate. |
| Significant unobservable inputs | Expected cash flows: USD 5,071 (March 31, 2022: USD 11,025)Risk-adjusted discount rate: 10.2% (March 31, 2022: 10.2%) |
| Inter- relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: – the expected cash flows were higher (lower); – the risk-adjusted discount rate were lower (higher). |
| Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | |
| Disclosure Of Financial Instruments [Line Items] | |
| Valuation technique | Monte Carlo Simulation (MCS): The valuation model incorporates assumptions as to volatility, risk free interest rate, discount rate, revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) |
| Significant unobservable inputs | Volatility: 25.3% -58.5%Risk free interest rate: 7.25%Discount rate: 19.7%Revenue for 12 months ended September 30, 2025 - USD 5,442EBITDA (loss) for 12 months ended September 30, 2025 - USD (48) |
| Inter- relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: – the volatility were higher (lower)– the risk free interest rate were lower (higher)– the discount rate was lower (higher)– the revenue were higher (lower)– the EBITDA were higher (lower) |
Financial Instruments - Summary of Financial Instruments Measured at Fair Value (Parenthetical) (Detail) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Sep. 30, 2025
USD ($)
|
Mar. 31, 2023
USD ($)
RevenueMultiple
|
Mar. 31, 2022
USD ($)
|
|
| Other Liabilities Related to Business Combinations [Member] | Q2T [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Expected cash flow | $ 5,071 | $ 11,025 | |
| Risk adjusted discount rate, Significant unobservable inputs | 10.20% | 10.20% | |
| Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Risk free interest rate, Significant unobservable inputs | 7.25% | ||
| Discount rate, Significant unobservable inputs | 19.70% | ||
| Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | Revenue [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Revenue, Significant unobservable inputs | $ 5,442 | ||
| Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | EBITDA [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| EBITDA (loss), Significant unobservable inputs | $ (48) | ||
| Bottom of Range [Member] | Other Investments Equity Securities FVOCI [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Net revenue multiple, significant unobservable inputs | RevenueMultiple | 3.7 | ||
| Bottom of Range [Member] | Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Volatility, Significant unobservable inputs | 25.30% | ||
| Top of Range [Member] | Other Investments Equity Securities FVOCI [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Net revenue multiple, significant unobservable inputs | RevenueMultiple | 4.8 | ||
| Top of Range [Member] | Other Liabilities Related to Business Combinations [Member] | Simplotel [Member] | |||
| Disclosure Of Financial Instruments [Line Items] | |||
| Volatility, Significant unobservable inputs | 58.50% | ||
Financial Instruments - Summary of Financial Instruments Not Measured at Fair Value (Detail) |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Other Financial Assets and Liabilities [Member] | |
| Disclosure Of Financial Assets And Financial Liabilities [Line Items] | |
| Valuation technique | Discounted cash flows |
Financial Instruments - Level 3 Fair Value Sensitivity Analysis - Additional Information (Detail) |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Other Liabilities Related to Business Combination [Member] | Q2T [Member] | ||
| Disclosure of Fair Value Measurement [Line Items] | ||
| Change in other liabilities related to business combination | 1.00% | 1.00% |
| Other Investments- Equity Securities [Member] | FVTPL [Member] | ||
| Disclosure of Fair Value Measurement [Line Items] | ||
| Equity instruments basis points | 1.00% | |
Financial Instruments - Summary of Sensitivity Analysis For Other Investments (Detail) - Other Investments - Equity Securities (FVTPL) [Member] $ in Thousands |
12 Months Ended |
|---|---|
|
Mar. 31, 2023
USD ($)
| |
| Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items] | |
| Net revenue multiple, increase in profit or loss | $ 4 |
| Net revenue multiple, decrease in profit or loss | $ (4) |
Financial Instruments - Summary of Other Liabilities Related to Business Combination (Detail) - Other Liabilities Related to Business Combination [Member] - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Q2T [Member] | ||
| Disclosure of detailed information about financial instruments [line items] | ||
| Increase in profit or loss, Risk adjusted discount rate | $ 17 | $ 77 |
| Decrease in Profit or loss, Risk adjusted discount rate | (18) | $ (79) |
| Simplotel [Member] | ||
| Disclosure of detailed information about financial instruments [line items] | ||
| Increase in equity, Volatility | 20 | |
| Decrease in equity, Volatility | (22) | |
| Increase in equity, Risk free interest rate | (17) | |
| Decrease in equity, Risk free interest rate | 16 | |
| Increase in equity, Discount rate | 39 | |
| Decrease in equity, Discount rate | (40) | |
| Increase in equity, Revenue | (38) | |
| Decrease in equity, Revenue | $ 38 | |
Financial Instruments - Summary of Other Liabilities Related to Business Combination (Parenthetical) (Detail) - Other Liabilities Related to Business Combination [Member] - Simplotel [Member] |
12 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Volatility [Member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Movement | 1.00% |
| Risk Free Interest Rate [Member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Movement | 1.00% |
| Discount Rate [Member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Movement | 0.50% |
| Revenue [Member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Movement | 1.00% |
Capital Commitments - Additional Information (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Capital commitments [abstract] | ||
| Estimated amount of contracts | $ 266 | $ 914 |
Leases - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Disclosure of operating lease [Line Items] | ||
| Rent waivers amount recognised in statement of profit or loss and other comprehensive income | $ 24 | $ 240 |
| Bottom of Range [Member] | ||
| Disclosure of operating lease [Line Items] | ||
| Lease property expiration period | 1 year | |
| Lease property extension period | 3 years | |
| Top of Range [Member] | ||
| Disclosure of operating lease [Line Items] | ||
| Lease property expiration period | 12 years | |
| Lease property extension period | 5 years | |
Leases - Schedule of Right-of-use Assets (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Operating Lease [Abstract] | |||
| Opening balance | $ 11,618 | $ 14,038 | |
| Additions to right-of-use assets | 7,530 | 1,891 | |
| Acquisitions through business combination (refer note 7(b) and 7(c)) | 202 | ||
| Derecognition of right-of-use assets | (1,245) | (876) | |
| Depreciation charged during the year | (3,220) | (3,064) | $ (4,333) |
| Effect of movements in foreign exchange rates | (954) | (371) | |
| Closing Balance | $ 13,931 | $ 11,618 | $ 14,038 |
Leases - Summary of Amounts Recognised in Statement of Profit or Loss (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Operating Lease [Abstract] | |||
| Interest on lease liabilities (refer note 16) | $ 1,554 | $ 1,569 | $ 1,867 |
| Depreciation on right-of-use assets (refer note 18) | $ 3,220 | $ 3,064 | $ 4,333 |
Leases - Summary of Amounts Recognised in Statement of Cash Flows (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Operating Lease [Abstract] | |||
| Total cash outflows for leases (principal + interest) | $ 3,969 | $ 3,340 | $ 3,912 |
Related Parties - Summary of Key Management Personnel Compensation (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Key Management Personnel Compensation [Abstract] | |||
| Short-term employee benefits | $ 1,997 | $ 2,351 | $ 1,961 |
| Post-employment benefits | 88 | 288 | 227 |
| Other long-term benefits | 14 | 36 | 39 |
| Share based payment | 12,015 | 16,930 | 16,767 |
| Legal and professional | 84 | 84 | 38 |
| Total | 14,198 | 19,689 | $ 19,032 |
| Balance Outstanding | |||
| Employee related payables | 552 | 746 | |
| Accrued expenses | $ 78 | $ 75 | |
Related Parties - Summary of Transaction with Entity Providing Key Management Personnel Services (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure of transactions between related parties [abstract] | |||
| Key management personnel services | $ 7 | $ 7 | $ 5 |
| Consultancy services | $ 20 | $ 16 | $ 13 |
Related Parties - Additional Information (Detail) |
12 Months Ended |
|---|---|
|
Mar. 31, 2023
USD ($)
| |
| Disclosure Of Transactions Between Related Parties [Line Items] | |
| Expense recognised for bad or doubtful debts | $ 0 |
Related Parties - Summary of Transactions with Subsidiaries (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|||
| Transactions | |||||
| Other operating expenses | $ 133,698 | $ 81,575 | $ 51,075 | ||
| Trip.com and its Subsidiaries [Member] | |||||
| Transactions | |||||
| Commission received | 100 | 23 | 11 | ||
| Commission paid | 673 | 149 | 61 | ||
| Marketing alliances | 50 | ||||
| Other operating expenses | 4,572 | 306 | 284 | ||
| Advance given | 1,074 | ||||
| Advance given received back | 1,074 | ||||
| Trip.com and its Subsidiaries [Member] | Air Ticketing [Member] | |||||
| Transactions | |||||
| Sale (refund) of air ticketing | [1] | 768 | 211 | (14) | |
| Purchase (refund) of air ticketing | [1] | 40,954 | 475 | (659) | |
| Trip.com and its Subsidiaries [Member] | Hotels and Packages [Member] | |||||
| Transactions | |||||
| Sale of hotel and packages | [1] | 5,192 | 1,204 | 425 | |
| Purchase of hotel and packages | [1] | $ 14,575 | $ 3,015 | $ 647 | |
| |||||
Related Parties - Transactions with Trip.com and its Subsidiaries (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Balance Outstanding | ||
| Trade payables | $ 45,748 | $ 33,518 |
| Trip.com and its Subsidiaries [Member] | ||
| Balance Outstanding | ||
| Trade and other receivables | 969 | 345 |
| Trade payables | 4,926 | 373 |
| Advance to vendor | $ 134 | $ 21 |
Related Parties - Summary of Transactions with Equity-Accounted Investee (Detail) - Saaranya Hospitality Technologies Private Limited [Member] - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Transactions Between Related Parties [Line Items] | |||
| Loan given | $ 55 | ||
| Interest income | $ 4 | $ 3 | $ 3 |
| Balance Outstanding | |||
| Loan outstanding | $ 49 | $ 53 | |
Related Parties - Summary of Transactions with Equity-Accounted Investee (Parenthetical) (Detail) - USD ($) $ in Thousands |
Mar. 31, 2023 |
Mar. 31, 2022 |
|---|---|---|
| Saaranya Hospitality Technologies Private Limited [Member] | Top of Range [Member] | ||
| Disclosure Of Transactions Between Related Parties [Line Items] | ||
| Interest accrued | $ 1 | $ 1 |
Related Parties - Summary of Transactions with Equity Accounted Investee (Details) - PasajeBus SpA [Member] - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Disclosure Of Transactions Between Related Parties [Line Items] | |||
| Ancillary revenue | $ 168 | $ 114 | $ 81 |
| Balance Outstanding | |||
| Trade receivables | $ 22 | $ 19 | |
List of Material Subsidiaries - Schedule of List of Material Subsidiaries (Detail) |
12 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| MakeMyTrip (India) Private Limited [Member] | ||
| Disclosure Of Significant Investments In Subsidiaries [Line Items] | ||
| Name of entity | MakeMyTrip (India) Private Limited | MakeMyTrip (India) Private Limited |
| Place of Incorporation | India | India |
| Ownership interest | 100.00% | 100.00% |
| Ibibo Group Holdings (Singapore) Pte. Ltd. [Member] | ||
| Disclosure Of Significant Investments In Subsidiaries [Line Items] | ||
| Name of entity | Ibibo Group Holdings (Singapore) Pte. Ltd. | Ibibo Group Holdings (Singapore) Pte. Ltd. |
| Place of Incorporation | Singapore | Singapore |
| Ownership interest | 100.00% | 100.00% |
| Redbus India Private Limited (Formerly Ibibo Group Private Limited) [Member] | ||
| Disclosure Of Significant Investments In Subsidiaries [Line Items] | ||
| Name of entity | Redbus India Private Limited (formerly ibibo Group Private Limited) | Redbus India Private Limited (formerly ibibo Group Private Limited) |
| Place of Incorporation | India | India |
| Ownership interest | 100.00% | 100.00% |
| Quest 2 Travel.com India Private Limited [Member] | ||
| Disclosure Of Significant Investments In Subsidiaries [Line Items] | ||
| Name of entity | Quest 2 Travel.com India Private Limited | Quest 2 Travel.com India Private Limited |
| Place of Incorporation | India | India |
| Ownership interest | 83.66% | 67.33% |
Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Revenue | |||
| Other revenue | $ 32,684 | $ 18,047 | $ 13,556 |
| Total revenue | 593,036 | 303,922 | 163,440 |
| Other income | 2,798 | 3,490 | 3,672 |
| Service cost | |||
| Procurement cost of hotels and packages services | 168,387 | 54,760 | 19,146 |
| Other cost of providing services | 9,180 | 3,990 | 3,162 |
| Personnel expenses | 131,968 | 116,924 | 105,661 |
| Marketing and sales promotion expenses | 101,601 | 51,033 | 22,741 |
| Other operating expenses | 133,698 | 81,575 | 51,075 |
| Depreciation, amortization and impairment | 27,396 | 29,496 | 33,010 |
| Results from operating activities | 23,604 | (30,366) | (67,683) |
| Loss before tax | (12,144) | (46,674) | (60,549) |
| Profit (loss) for the period | (11,168) | (45,567) | (56,042) |
| Air Ticketing [Member] | |||
| Revenue | |||
| Revenue | 147,793 | 88,712 | 57,013 |
| Hotels and Packages [Member] | |||
| Revenue | |||
| Revenue | 337,686 | 157,267 | 67,976 |
| Bus Ticketing [Member] | |||
| Revenue | |||
| Revenue | $ 74,873 | $ 39,896 | $ 24,895 |