The Company uses foreign exchange forward contracts (derivative financial instruments) as cash flow hedges, to mitigate foreign currency risk associated with highly probable forecasted transactions.
Net Gain (of cash flow hedges): Reported as Other Income in FY21
Net Loss (of cash flow hedges): Not Reported, Revenue Adjusted in FY22
In case you check with the company for precise mechanics, do post your findings.
| Subscribe To Our Free Newsletter |
