Our parent's fiscal year doesn't match India's April-March year — how do we reconcile the two for reporting?

Indian company law fixes the financial year as 1 April to 31 March for every company incorporated in India, with essentially no flexibility to align it to a foreign parent's calendar — this applies regardless of the parent's own year-end, whether that's a calendar year (common for US and European groups) or another non-March date. Statutory audit, tax filing, and Ind AS financial statements are all prepared on this April-March basis and cannot be substituted with the parent's fiscal calendar for Indian regulatory purposes.

For group consolidation, the India subsidiary's finance team typically needs to produce a separate set of numbers aligned to the parent's reporting periods — this might mean quarterly figures that don't map cleanly onto the Indian financial year's quarters, or a stub-period adjustment when the parent's year-end falls mid-way through India's financial year. Building this dual-calendar reporting capability into the finance function from the start, with clear period-end cutoffs for both calendars, avoids the scramble that often happens when a company only discovers the mismatch during its first parent-company audit cycle.