{"id":1781,"date":"2021-06-13T10:47:09","date_gmt":"2021-06-13T10:47:09","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar21\/?page_id=1781"},"modified":"2021-06-25T16:31:42","modified_gmt":"2021-06-25T16:31:42","slug":"consolidated-statement-of-cash-flows","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar21\/consolidated-statement-of-cash-flows\/","title":{"rendered":"consolidated Statement of Cash Flows"},"content":{"rendered":"<div class=\"nolwrap\">\n<div class=\"row\"  id=\"row-905485718\">\n\n\n\t<div id=\"col-802559146\" class=\"col hide-for-medium medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div class=\"ux-menu stack stack-col justify-start ux-menu--divider-solid hide-for-small\">\n\t\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/consolidated-financial-statements\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tConsolidated Financial Statement\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/consolidated-balance-sheet\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tBalance sheet\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/consolidated-statement-of-profit-and-loss\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Profit and Loss\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/consolidated-statement-of-changes-in-equity\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Changes in Equity\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/consolidated-statement-of-cash-flows\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Cash Flows\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar21\/notes-to-consolidated-financial-statements\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tNotes to Consolidated Financial Statements\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1477650955\" class=\"col hide-for-medium medium-9 small-12 large-9\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1287469707\" class=\"text\">\n\t\t\n\n<h2>Consolidated Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-1287469707 {\n  color: #005dac;\n}\n#text-1287469707 > * {\n  color: #005dac;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(0, 93, 172);\"><\/div>\n\n<div class=\"row row-collapse\"  id=\"row-610086876\">\n\n\n\t<div id=\"col-1022473100\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2059974067\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-491388367\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1894610844\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-186389043\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-186389043 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1384279185\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1384279185 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-650278792\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-650278792 {\n  font-size: 0.9rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(128, 130, 133);\"><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1894610844 > .col-inner {\n  padding: 10px 0px 10px 0px;\n  margin: px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<\/div>\n<table class=\"table table-sm\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><b>2021<\/b><\/th>\n<th scope=\"col\" style=\"text-align:right\"><\/th>\n<th scope=\"col\" style=\"text-align:right\">2020<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>I. Operating activities<\/b><\/td>\n<td style=\"color:#005dac;\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Profit before tax<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">6,241.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,692.13<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Adjustments to reconcile profit before tax to net cash flows: <\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Add:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Depreciation and amortisation <\/td>\n<td style=\"color:#005dac; text-align:right\">259.37<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">246.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Loss on property, plant and equipment sold, demolished,<br \/>discarded and scrapped<\/td>\n<td style=\"color:#005dac; text-align:right\">13.10<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">13.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances<\/td>\n<td style=\"color:#005dac; text-align:right\">16.15 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 22.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Share based payment to employees<\/td>\n<td style=\"color:#005dac; text-align:right\">6.90<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">10.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Exchange loss\/(gain) on cash and cash equivalents <\/td>\n<td style=\"color:#005dac; text-align:right\">1.19 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (2.16)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Exchange loss\/(gain) on trade receivables <\/td>\n<td style=\"color:#005dac; text-align:right\">(6.01)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(15.41)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Exchange loss\/(gain) on import payables <\/td>\n<td style=\"color:#005dac; text-align:right\">0.10 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(1.98)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Interest adjustment on Government grant<\/td>\n<td style=\"color:#005dac; text-align:right\">1.18<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1.06<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Interest expense <\/td>\n<td style=\"color:#005dac; text-align:right\">5.48<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.10<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">297.46<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">275.76<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Less:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Investment income included in above: <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed income securities <\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed deposits <\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on exchange traded funds<\/td>\n<td style=\"color:#005dac; text-align:right\">76.85<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed maturity plans<\/td>\n<td style=\"color:#005dac; text-align:right\">842.51<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">903.55<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Profit on sale of other investments, net<\/td>\n<td style=\"color:#005dac; text-align:right\">15.74<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">19.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Gain on valuation and realisation of mutual funds measured at &emsp;&emsp;&emsp;fair value through profit or loss<\/td>\n<td style=\"color:#005dac; text-align:right\">254.25<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">462.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Dividend income on other strategic investments <\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Amortisation of premium\/discount on acquisition of fixed &emsp;&emsp;&emsp;income securities <\/td>\n<td style=\"color:#005dac; text-align:right\"> (5.57)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">18.24 <\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">1,267.42<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,475.34<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Share of profits of associate<\/td>\n<td style=\"color:#005dac; text-align:right\">306.32 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 321.51<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances written back (net)<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">0.54<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Government grants<\/td>\n<td style=\"color:#005dac; text-align:right\">2.65<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.65<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Surplus on sale of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">1.94<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,578.33)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,805.32)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,960.56<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,162.57<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;i) (Increase)\/decrease in inventories<\/td>\n<td style=\"color:#005dac; text-align:right\">(430.39) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(101.99)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;ii) (Increase)\/decrease in trade receivables<\/td>\n<td style=\"color:#005dac; text-align:right\">(1,001.89)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">828.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iii) (Increase)\/decrease in loans and other assets<\/td>\n<td style=\"color:#005dac; text-align:right\">(551.88)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">398.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iv) Increase\/(decrease) in liabilities and provisions<\/td>\n<td style=\"color:#005dac; text-align:right\">1,483.52<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.28)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(500.64) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 365.79<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Annuity payments (net) to VRS\/Welfare scheme optees <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(0.35) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(0.26)<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Net cash flow from operating activities before income-tax <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,459.57 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,528.10<\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Income-tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,339.69)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,677.66)<\/td>\n<\/tr>\n<tr>\n<td><b>&emsp;Net cash flow from\/(used in) operating activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>3,119.88<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,850.44<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>II. Investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Sale of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">3,555.72<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5,178.94<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Purchase of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">(5,888.39)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(3,517.96)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Sale\/(purchase) of liquid mutual funds, etc., net<\/td>\n<td style=\"color:#005dac; text-align:right\">(351.28)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">166.96<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Investment in treasury shares by ESOP trust<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.52)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(26.62)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) (Increase)\/decrease in other bank balances<\/td>\n<td style=\"color:#005dac; text-align:right\">8.71<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(13.51)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(244.06) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(282.81)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.71 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">16.74<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Capital expenditure on development of technical know-how<\/td>\n<td style=\"color:#005dac; text-align:right\">(15.53)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (13.93)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(2,934.64)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,507.81<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Investment income<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed income securities<\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed deposits<\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;&emsp;Dividend income on other strategic investments<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">83.64<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">71.32<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;(Increase)\/decrease in interest receivable<\/td>\n<td style=\"color:#005dac; text-align:right\">(17.36)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(23.04)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">66.28<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">48.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(2,868.36)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,556.09<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>III. Financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;i) Interest expense<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.48)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(2.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;ii) Deferral of sales tax deferral liability due to assessment<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.31)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Dividend, including interim dividend paid<\/td>\n<td style=\"color:#005dac; text-align:right\">(8.73)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(5,195.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Corporate dividend tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,049.31)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(19.52)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(6,246.51)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>IV. Change in foreign currency translation arising on consolidation<\/b><\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\"><b>0.40<\/b><\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\"><b>207.58<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net change in cash and cash equivalents<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>232.40<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(632.40)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the beginning of the year<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">285.40<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">915.64<\/td>\n<\/tr>\n<td>&emsp;Add\/(Less): Effects of exchange loss\/(gain) on cash and cash equivalents<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1.19)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">2.16<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the end of the year [See note 11]<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">516.61<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">285.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-1322428966\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1322428966 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-606752479\">\n\n\n\t<div id=\"col-2132542357\" class=\"col medium-7 small-6 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>The accompanying notes are an integral part of the<br \/> financial statements. <br \/>As per our report of even date<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1904317425\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1453594890\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-1453594890 {\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row\"  id=\"row-1629120801\">\n\n\n\t<div id=\"col-822155372\" class=\"col medium-5 small-8 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>For S R B C &#038; CO LLP<br \/>\nChartered Accountants<br \/>\nICAI Firm Registration Number: 324982E\/E300003<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1787439695\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-3769858384\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-3769858384 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1287184009\" class=\"col hide-for-small medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-716355466\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-716355466 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row align-bottom\"  id=\"row-1378519897\">\n\n\n\t<div id=\"col-884417352\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>per Arvind Sethi<br \/>\nPartner<br \/>\nMembership Number: 89802<br \/>\nPune: 29 April 2021<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-832346325\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2079982186\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-2079982186 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1608061187\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-1608061187 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-513166822\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-3226580336\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-3226580336 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-957816013\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-957816013 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2062677376\" class=\"col show-for-medium hide-for-small small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1509169660\" class=\"text\">\n\t\t\n\n<h2>Consolidated Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-1509169660 {\n  color: #005dac;\n}\n#text-1509169660 > * {\n  color: #005dac;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(0, 93, 172);\"><\/div>\n\n<div class=\"row row-collapse\"  id=\"row-1969867586\">\n\n\n\t<div id=\"col-233977655\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-654632882\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-727589841\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-180710296\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-314856069\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-314856069 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1425977899\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1425977899 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3702893995\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-3702893995 {\n  font-size: 0.9rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(128, 130, 133);\"><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-180710296 > .col-inner {\n  padding: 10px 0px 10px 0px;\n  margin: px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<\/div>\n<table class=\"table table-sm\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><b>2021<\/b><\/th>\n<th scope=\"col\" style=\"text-align:right\"><\/th>\n<th scope=\"col\" style=\"text-align:right\">2020<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>I. Operating activities<\/b><\/td>\n<td style=\"color:#005dac;\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Profit before tax<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">6,241.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,692.13<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Adjustments to reconcile profit before tax to net cash flows: <\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Add:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Depreciation and amortisation <\/td>\n<td style=\"color:#005dac; text-align:right\">259.37<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">246.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Loss on property, plant and equipment sold, demolished,<br \/>discarded and scrapped<\/td>\n<td style=\"color:#005dac; text-align:right\">13.10<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">13.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances<\/td>\n<td style=\"color:#005dac; text-align:right\">16.15 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 22.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Share based payment to employees<\/td>\n<td style=\"color:#005dac; text-align:right\">6.90<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">10.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Exchange loss\/(gain) on cash and cash equivalents <\/td>\n<td style=\"color:#005dac; text-align:right\">1.19 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (2.16)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Exchange loss\/(gain) on trade receivables <\/td>\n<td style=\"color:#005dac; text-align:right\">(6.01)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(15.41)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Exchange loss\/(gain) on import payables <\/td>\n<td style=\"color:#005dac; text-align:right\">0.10 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(1.98)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Interest adjustment on Government grant<\/td>\n<td style=\"color:#005dac; text-align:right\">1.18<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1.06<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Interest expense <\/td>\n<td style=\"color:#005dac; text-align:right\">5.48<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.10<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">297.46<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">275.76<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Less:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Investment income included in above: <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed income securities <\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed deposits <\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on exchange traded funds<\/td>\n<td style=\"color:#005dac; text-align:right\">76.85<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed maturity plans<\/td>\n<td style=\"color:#005dac; text-align:right\">842.51<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">903.55<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Profit on sale of other investments, net<\/td>\n<td style=\"color:#005dac; text-align:right\">15.74<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">19.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Gain on valuation and realisation of mutual funds measured at &emsp;&emsp;&emsp;fair value through profit or loss<\/td>\n<td style=\"color:#005dac; text-align:right\">254.25<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">462.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Dividend income on other strategic investments <\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Amortisation of premium\/discount on acquisition of fixed &emsp;&emsp;&emsp;income securities <\/td>\n<td style=\"color:#005dac; text-align:right\"> (5.57)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">18.24 <\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">1,267.42<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,475.34<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Share of profits of associate<\/td>\n<td style=\"color:#005dac; text-align:right\">306.32 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 321.51<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances written back (net)<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">0.54<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Government grants<\/td>\n<td style=\"color:#005dac; text-align:right\">2.65<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.65<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Surplus on sale of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">1.94<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,578.33)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,805.32)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,960.56<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,162.57<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;i) (Increase)\/decrease in inventories<\/td>\n<td style=\"color:#005dac; text-align:right\">(430.39) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(101.99)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;ii) (Increase)\/decrease in trade receivables<\/td>\n<td style=\"color:#005dac; text-align:right\">(1,001.89)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">828.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iii) (Increase)\/decrease in loans and other assets<\/td>\n<td style=\"color:#005dac; text-align:right\">(551.88)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">398.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iv) Increase\/(decrease) in liabilities and provisions<\/td>\n<td style=\"color:#005dac; text-align:right\">1,483.52<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.28)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(500.64) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 365.79<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Annuity payments (net) to VRS\/Welfare scheme optees <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(0.35) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(0.26)<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Net cash flow from operating activities before income-tax <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,459.57 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,528.10<\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Income-tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,339.69)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,677.66)<\/td>\n<\/tr>\n<tr>\n<td><b>&emsp;Net cash flow from\/(used in) operating activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>3,119.88<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,850.44<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>II. Investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Sale of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">3,555.72<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5,178.94<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Purchase of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">(5,888.39)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(3,517.96)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Sale\/(purchase) of liquid mutual funds, etc., net<\/td>\n<td style=\"color:#005dac; text-align:right\">(351.28)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">166.96<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Investment in treasury shares by ESOP trust<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.52)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(26.62)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) (Increase)\/decrease in other bank balances<\/td>\n<td style=\"color:#005dac; text-align:right\">8.71<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(13.51)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(244.06) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(282.81)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.71 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">16.74<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Capital expenditure on development of technical know-how<\/td>\n<td style=\"color:#005dac; text-align:right\">(15.53)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (13.93)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(2,934.64)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,507.81<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Investment income<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed income securities<\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed deposits<\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;&emsp;Dividend income on other strategic investments<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">83.64<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">71.32<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;(Increase)\/decrease in interest receivable<\/td>\n<td style=\"color:#005dac; text-align:right\">(17.36)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(23.04)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">66.28<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">48.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(2,868.36)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,556.09<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>III. Financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;i) Interest expense<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.48)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(2.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;ii) Deferral of sales tax deferral liability due to assessment<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.31)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Dividend, including interim dividend paid<\/td>\n<td style=\"color:#005dac; text-align:right\">(8.73)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(5,195.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Corporate dividend tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,049.31)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(19.52)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(6,246.51)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>IV. Change in foreign currency translation arising on consolidation<\/b><\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\"><b>0.40<\/b><\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\"><b>207.58<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net change in cash and cash equivalents<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>232.40<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(632.40)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the beginning of the year<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">285.40<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">915.64<\/td>\n<\/tr>\n<td>&emsp;Add\/(Less): Effects of exchange loss\/(gain) on cash and cash equivalents<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1.19)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">2.16<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the end of the year [See note 11]<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">516.61<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">285.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-1093692758\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1093692758 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-185127580\">\n\n\n\t<div id=\"col-1554148924\" class=\"col medium-7 small-6 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>The accompanying notes are an integral part of the<br \/> financial statements. <br \/>As per our report of even date<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1083666922\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2965583409\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-2965583409 {\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row\"  id=\"row-393464694\">\n\n\n\t<div id=\"col-75012284\" class=\"col medium-5 small-8 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>For S R B C &#038; CO LLP<br \/>\nChartered Accountants<br \/>\nICAI Firm Registration Number: 324982E\/E300003<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-836778794\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2600106795\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-2600106795 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-34507551\" class=\"col hide-for-small medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-438810742\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-438810742 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row align-bottom\"  id=\"row-1155198942\">\n\n\n\t<div id=\"col-1051015143\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>per Arvind Sethi<br \/>\nPartner<br \/>\nMembership Number: 89802<br \/>\nPune: 29 April 2021<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1572553036\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1914227356\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-1914227356 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3160270197\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-3160270197 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-747837211\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-285544108\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-285544108 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2231009681\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-2231009681 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1794514062\" class=\"col show-for-small small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2598685231\" class=\"text\">\n\t\t\n\n<h2>Consolidated Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-2598685231 {\n  color: #005dac;\n}\n#text-2598685231 > * {\n  color: #005dac;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(0, 93, 172);\"><\/div>\n\n<div class=\"row row-collapse\"  id=\"row-1053034778\">\n\n\n\t<div id=\"col-1019641137\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2044151235\" class=\"col medium-2 small-6 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1800020204\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1050035342\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-3676939484\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-3676939484 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1940472346\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1940472346 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-87313939\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-87313939 {\n  font-size: 0.9rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"is-divider divider clearfix\" style=\"margin-top:10px;margin-bottom:10px;max-width:100%;background-color:rgb(128, 130, 133);\"><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1050035342 > .col-inner {\n  padding: 10px 0px 10px 0px;\n  margin: px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<\/div>\n<table class=\"table table-sm\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><\/th>\n<th scope=\"col\" style=\"color:#005dac; text-align:right\"><b>2021<\/b><\/th>\n<th scope=\"col\" style=\"text-align:right\"><\/th>\n<th scope=\"col\" style=\"text-align:right\">2020<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>I. Operating activities<\/b><\/td>\n<td style=\"color:#005dac;\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Profit before tax<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">6,241.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,692.13<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Adjustments to reconcile profit before tax to net cash flows: <\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;Add:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Depreciation and amortisation <\/td>\n<td style=\"color:#005dac; text-align:right\">259.37<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">246.43<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Loss on property, plant and equipment sold, demolished,<br \/>discarded and scrapped<\/td>\n<td style=\"color:#005dac; text-align:right\">13.10<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">13.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances<\/td>\n<td style=\"color:#005dac; text-align:right\">16.15 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 22.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Share based payment to employees<\/td>\n<td style=\"color:#005dac; text-align:right\">6.90<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">10.01<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Exchange loss\/(gain) on cash and cash equivalents <\/td>\n<td style=\"color:#005dac; text-align:right\">1.19 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (2.16)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Exchange loss\/(gain) on trade receivables <\/td>\n<td style=\"color:#005dac; text-align:right\">(6.01)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(15.41)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Exchange loss\/(gain) on import payables <\/td>\n<td style=\"color:#005dac; text-align:right\">0.10 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(1.98)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Interest adjustment on Government grant<\/td>\n<td style=\"color:#005dac; text-align:right\">1.18<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1.06<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Interest expense <\/td>\n<td style=\"color:#005dac; text-align:right\">5.48<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.10<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">297.46<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">275.76<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Less:<\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Investment income included in above: <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed income securities <\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed deposits <\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on exchange traded funds<\/td>\n<td style=\"color:#005dac; text-align:right\">76.85<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Interest income on fixed maturity plans<\/td>\n<td style=\"color:#005dac; text-align:right\">842.51<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">903.55<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Profit on sale of other investments, net<\/td>\n<td style=\"color:#005dac; text-align:right\">15.74<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">19.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Gain on valuation and realisation of mutual funds measured at &emsp;&emsp;&emsp;fair value through profit or loss<\/td>\n<td style=\"color:#005dac; text-align:right\">254.25<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">462.70<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Dividend income on other strategic investments <\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;&emsp;Amortisation of premium\/discount on acquisition of fixed &emsp;&emsp;&emsp;income securities <\/td>\n<td style=\"color:#005dac; text-align:right\"> (5.57)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">18.24 <\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">1,267.42<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,475.34<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Share of profits of associate<\/td>\n<td style=\"color:#005dac; text-align:right\">306.32 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 321.51<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Provision for doubtful debts and advances written back (net)<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">0.54<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Government grants<\/td>\n<td style=\"color:#005dac; text-align:right\">2.65<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">2.65<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) Surplus on sale of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">1.94<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,578.33)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,805.32)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,960.56<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,162.57<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;i) (Increase)\/decrease in inventories<\/td>\n<td style=\"color:#005dac; text-align:right\">(430.39) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(101.99)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;ii) (Increase)\/decrease in trade receivables<\/td>\n<td style=\"color:#005dac; text-align:right\">(1,001.89)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">828.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iii) (Increase)\/decrease in loans and other assets<\/td>\n<td style=\"color:#005dac; text-align:right\">(551.88)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">398.53<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;iv) Increase\/(decrease) in liabilities and provisions<\/td>\n<td style=\"color:#005dac; text-align:right\">1,483.52<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.28)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(500.64) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 365.79<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Annuity payments (net) to VRS\/Welfare scheme optees <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(0.35) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(0.26)<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Net cash flow from operating activities before income-tax <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">4,459.57 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,528.10<\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Income-tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1,339.69)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,677.66)<\/td>\n<\/tr>\n<tr>\n<td><b>&emsp;Net cash flow from\/(used in) operating activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>3,119.88<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,850.44<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>II. Investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"> <\/td>\n<td style=\"text-align:right\"> <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;i) Sale of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">3,555.72<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">5,178.94<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) Purchase of investments<\/td>\n<td style=\"color:#005dac; text-align:right\">(5,888.39)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(3,517.96)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iii) Sale\/(purchase) of liquid mutual funds, etc., net<\/td>\n<td style=\"color:#005dac; text-align:right\">(351.28)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">166.96<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;iv) Investment in treasury shares by ESOP trust<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.52)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(26.62)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;v) (Increase)\/decrease in other bank balances<\/td>\n<td style=\"color:#005dac; text-align:right\">8.71<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(13.51)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vi) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(244.06) <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(282.81)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;vii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.71 <\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">16.74<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;viii) Capital expenditure on development of technical know-how<\/td>\n<td style=\"color:#005dac; text-align:right\">(15.53)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> (13.93)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(2,934.64)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,507.81<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ix) Investment income<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed income securities<\/td>\n<td style=\"color:#005dac; text-align:right\">65.77<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"> 17.04<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;&emsp;Interest income on fixed deposits<\/td>\n<td style=\"color:#005dac; text-align:right\">17.87<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">28.90<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;&emsp;Dividend income on other strategic investments<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">25.38<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">83.64<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">71.32<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;(Increase)\/decrease in interest receivable<\/td>\n<td style=\"color:#005dac; text-align:right\">(17.36)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(23.04)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td style=\"text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">66.28<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">48.28<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) investing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(2,868.36)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,556.09<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>III. Financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;i) Interest expense<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.48)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(2.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;ii) Deferral of sales tax deferral liability due to assessment<\/td>\n<td style=\"color:#005dac; text-align:right\">(5.31)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Dividend, including interim dividend paid<\/td>\n<td style=\"color:#005dac; text-align:right\">(8.73)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">(5,195.10)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<td>&emsp;iii) Corporate dividend tax paid<\/td>\n<td style=\"color:#005dac; text-align:right\">&#8211;<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,049.31)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net cash flow from\/(used in) financing activities<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>(19.52)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(6,246.51)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td><b>IV. Change in foreign currency translation arising on consolidation<\/b><\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\"><b>0.40<\/b><\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\"><b>207.58<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td><b>&emsp;Net change in cash and cash equivalents<\/b><\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\"><b>232.40<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(632.40)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: center;\">\u00a0<\/td>\n<td style=\"color: #005dac; text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<td style=\"text-align: right;\">\u00a0<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the beginning of the year<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">285.40<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">915.64<\/td>\n<\/tr>\n<td>&emsp;Add\/(Less): Effects of exchange loss\/(gain) on cash and cash equivalents<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">(1.19)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">2.16<\/td>\n<\/tr>\n<td>&emsp;Cash and cash equivalents at the end of the year [See note 11]<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"color:#005dac; text-align:right\">516.61<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">285.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-411392755\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-411392755 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-609391410\">\n\n\n\t<div id=\"col-520719320\" class=\"col medium-7 small-6 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>The accompanying notes are an integral part of the<br \/> financial statements. <br \/>As per our report of even date<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-610611225\" class=\"col medium-5 small-6 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-4198077509\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-4198077509 {\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row\"  id=\"row-675665766\">\n\n\n\t<div id=\"col-637299109\" class=\"col medium-5 small-8 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>For S R B C &#038; CO LLP<br \/>\nChartered Accountants<br \/>\nICAI Firm Registration Number: 324982E\/E300003<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1046060665\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2872814970\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-2872814970 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1158880791\" class=\"col hide-for-small medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-454169232\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-454169232 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row align-bottom\"  id=\"row-1681748954\">\n\n\n\t<div id=\"col-1762082849\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<p>per Arvind Sethi<br \/>\nPartner<br \/>\nMembership Number: 89802<br \/>\nPune: 29 April 2021<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-501631452\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-3722196925\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-3722196925 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-195974436\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-195974436 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1205552378\" class=\"col medium-4 small-4 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2356250675\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-2356250675 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2089377510\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-2089377510 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1781","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/1781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/comments?post=1781"}],"version-history":[{"count":10,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/1781\/revisions"}],"predecessor-version":[{"id":3486,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/1781\/revisions\/3486"}],"wp:attachment":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/media?parent=1781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}