Heritage Foods Limited | 32nd Annual Report 2023-24

214 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 24. Revenue from operations For the year ended 31 March 2024 31 March 2023 Sale of products 37,300.61 32,050.93 Sale of services 23.87 21.60 Other operating income - Sale of renewable energy certificates - 1.95 - Scrap sales and others 18.97 12.27 37,343.45 32,086.75 (i) Reconciliation of revenue from sale of products with the contracted price For the year ended 31 March 2024 31 March 2023 Revenue as per contracted price 38,722.75 33,355.13 Adjusted for: Discounts (1,400.79) (1,283.93) Sales returns (21.35) (20.27) Total revenue from contracts with customers 37,300.61 32,050.93 (ii) Revenue disaggregation geography wise is as follows: For the year ended 31 March 2024 31 March 2023 India 37,327.80 32,081.68 Other than India 15.65 5.07 37,343.45 32,086.75 Notes: (a) The Company has no single customer from whom the revenue is more than 10% of the revenue from operations for the year ended 31 March 2024 and 31 March 2023. (b) Revenue from goods or services is transferred to customers at a point in time basis. 25. Other income For the year ended 31 March 2024 31 March 2023 Interest income from bank and other deposits 3.55 2.32 Guarantee income 5.55 4.25 Dividend income on long term investments 0.01 0.01 Subsidy transferred from deferred government grant (under capital subsidy scheme) 6.74 6.74 Lease rental income 12.42 22.24 Provisions no longer required/ credit balances written back 10.24 12.96 Gain on foreign exchange fluctuations, net 0.03 0.02 Gain on sale of Property, plant and equipment (net) 26.83 23.37 Gain on investments (net) 35.55 25.94 Other non operating income 18.37 15.63 119.29 113.48 Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)

RkJQdWJsaXNoZXIy NTE5NzY=