{"id":944,"date":"2021-06-10T03:56:04","date_gmt":"2021-06-10T03:56:04","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar21\/?page_id=944"},"modified":"2021-06-25T16:08:30","modified_gmt":"2021-06-25T16:08:30","slug":"statement-of-cash-flows","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar21\/statement-of-cash-flows\/","title":{"rendered":"Statement of Cash Flows"},"content":{"rendered":"<div class=\"nolwrap\">\n<div class=\"row\"  id=\"row-587242709\">\n\n\n\t<div id=\"col-1326151241\" 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\/standalone-financial-statement\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStandalone 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\/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\/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\/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\/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-standalone-financial-statements\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tNotes to standalone 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-2040465662\" 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-3112933044\" class=\"text\">\n\t\t\n\n<h2>Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-3112933044 {\n  color: #005dac;\n}\n#text-3112933044 > * {\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-1088003666\">\n\n\n\t<div id=\"col-1662554709\" 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-1972375658\" 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-57662596\" 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-1926182082\" 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-634615339\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-634615339 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-657408517\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-657408517 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1829118351\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-1829118351 {\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\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\">5,939.00<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,580.20<\/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\">259.28 <\/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\">297.37<\/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\"><\/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 investments in subsidiaries <\/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\"> 208.99<\/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\">1,684.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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\">(1,272.01)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,692.80)<\/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\">4,964.36<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,163.16<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\">\n<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\">(561.50)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">409.28<\/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\">1,483.32<\/td<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.30)<\/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\">(510.46) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 376.52<\/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\">4,453.55 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,539.42 <\/td>\n<\/tr>\n<tr>\n<td>&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>\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>&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>3,113.86<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,861.76<\/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) Investment in subsidiary<\/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\">(10.54)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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;v) 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;vi) (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;vii) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(241.04) <\/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;viii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.70 <\/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;ix) 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\">(2,931.63)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,497.27<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;x) 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<tr>\n<td>&emsp;&emsp;Dividend income on investments in subsidiaries<\/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\">208.99<\/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\">280.31<\/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\">257.27<\/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>(2,865.35)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,754.54<\/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) Change in 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\"><\/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) Dividend, including interim dividend 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<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>228.99<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(630.21)<\/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\">277.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">905.38<\/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\">505.13<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">277.33<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-645628500\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-645628500 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-763639688\">\n\n\n\t<div id=\"col-1610958881\" 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> 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-1005549345\" 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-78904291\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-78904291 {\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-410586039\">\n\n\n\t<div id=\"col-833508832\" 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-1823975849\" 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-1325618450\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-1325618450 {\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-15298930\" 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-1318743867\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-1318743867 {\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\"  id=\"row-983202333\">\n\n\n\t<div id=\"col-1311687837\" class=\"col medium-5 small-4 large-5\"  >\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-1758115900\" 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-1216448071\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-1216448071 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1288813311\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-1288813311 {\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-1115010550\" class=\"col medium-3 small-4 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-1838925177\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-1838925177 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1781514827\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-1781514827 {\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-628256336\" 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-1835562177\" class=\"text\">\n\t\t\n\n<h2>Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-1835562177 {\n  color: #005dac;\n}\n#text-1835562177 > * {\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-1237058995\">\n\n\n\t<div id=\"col-1993680603\" 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-894807178\" 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-500272176\" 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-1145578594\" 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-1879901196\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-1879901196 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1372729189\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1372729189 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-796220182\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-796220182 {\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\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\">5,939.00<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,580.20<\/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\">259.28 <\/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\">297.37<\/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\"><\/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 investments in subsidiaries <\/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\"> 208.99<\/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\">1,684.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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\">(1,272.01)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,692.80)<\/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\">4,964.36<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,163.16<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\">\n<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\">(561.50)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">409.28<\/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\">1,483.32<\/td<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.30)<\/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\">(510.46) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 376.52<\/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\">4,453.55 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,539.42 <\/td>\n<\/tr>\n<tr>\n<td>&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>\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>&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>3,113.86<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,861.76<\/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) Investment in subsidiary<\/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\">(10.54)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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;v) 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;vi) (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;vii) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(241.04) <\/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;viii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.70 <\/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;ix) 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\">(2,931.63)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,497.27<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;x) 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<tr>\n<td>&emsp;&emsp;Dividend income on investments in subsidiaries<\/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\">208.99<\/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\">280.31<\/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\">257.27<\/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>(2,865.35)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,754.54<\/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) Change in 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\"><\/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) Dividend, including interim dividend 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<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>228.99<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(630.21)<\/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\">277.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">905.38<\/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\">505.13<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">277.33<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-256782086\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-256782086 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-1135627136\">\n\n\n\t<div id=\"col-1699915045\" 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> 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-832011577\" 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-2240620337\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-2240620337 {\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-1545732589\">\n\n\n\t<div id=\"col-18400078\" 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-1038071646\" 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-3105551765\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-3105551765 {\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-2067928216\" 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-2163083833\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-2163083833 {\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\"  id=\"row-814027859\">\n\n\n\t<div id=\"col-309178203\" class=\"col medium-5 small-4 large-5\"  >\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-1543661018\" 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-3379860117\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-3379860117 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2609383448\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-2609383448 {\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-1478293159\" class=\"col medium-3 small-4 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-1256800445\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-1256800445 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1629351094\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-1629351094 {\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-2011290792\" 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-280633142\" class=\"text\">\n\t\t\n\n<h2>Statement of Cash Flows<\/h2>\n\t\t\n<style>\n#text-280633142 {\n  color: #005dac;\n}\n#text-280633142 > * {\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-1688446195\">\n\n\n\t<div id=\"col-1788019976\" 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-1742989214\" 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-950897372\" 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-1568904612\" 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-3277213474\" class=\"text\">\n\t\t\n\n( \u20b9 in Crore )\n\t\t\n<style>\n#text-3277213474 {\n  font-size: 0.9rem;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1384691518\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1384691518 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-532408340\" class=\"text\">\n\t\t\n\nFor the year ended 31 March\n\t\t\n<style>\n#text-532408340 {\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\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\">5,939.00<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">6,580.20<\/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\">259.28 <\/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\">297.37<\/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\"><\/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 investments in subsidiaries <\/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\"> 208.99<\/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\">1,684.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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\">(1,272.01)<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(1,692.80)<\/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\">4,964.36<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,163.16<\/td>\n<\/tr>\n<tr>\n<td>&emsp;Change in assets and liabilities <\/td>\n<td style=\"color:#005dac; text-align:right\">\n<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\">(561.50)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">409.28<\/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\">1,483.32<\/td<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">(759.30)<\/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\">(510.46) <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"> 376.52<\/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\">4,453.55 <\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">5,539.42 <\/td>\n<\/tr>\n<tr>\n<td>&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>\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>&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>3,113.86<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>3,861.76<\/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) Investment in subsidiary<\/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\">(10.54)<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;ii) 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;iii) 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;iv) 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;v) 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;vi) (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;vii) Purchase of property, plant and equipment (including advances)<\/td>\n<td style=\"color:#005dac; text-align:right\">(241.04) <\/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;viii) Sale proceeds of property, plant and equipment<\/td>\n<td style=\"color:#005dac; text-align:right\">5.70 <\/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;ix) 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\">(2,931.63)<\/td>\n<td style=\"color:#005dac; text-align:right\"><\/td>\n<td style=\"text-align:right\">1,497.27<\/td>\n<td style=\"text-align:right\"><\/td>\n<\/tr>\n<tr>\n<td>&emsp;x) 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<tr>\n<td>&emsp;&emsp;Dividend income on investments in subsidiaries<\/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\">208.99<\/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\">280.31<\/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\">257.27<\/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>(2,865.35)<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>1,754.54<\/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) Change in 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\"><\/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) Dividend, including interim dividend 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<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>228.99<\/b><\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\"><b>(630.21)<\/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\">277.33<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">905.38<\/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\">505.13<\/td>\n<td style=\"text-align:right\"><\/td>\n<td style=\"text-align:right\">277.33<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t<div id=\"gap-837139849\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-837139849 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-73006417\">\n\n\n\t<div id=\"col-53188433\" 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> 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-711276463\" 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-3321325717\" class=\"text\">\n\t\t\n\n<p>On behalf of the Board of Directors<\/p>\n\t\t\n<style>\n#text-3321325717 {\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-432914619\">\n\n\n\t<div id=\"col-1034253698\" 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-1581484170\" 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-380730884\" class=\"text show-for-medium\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-380730884 {\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-1479145081\" 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-3191444363\" class=\"text\">\n\t\t\n\n<p>Rahul Bajaj<br>\nChairman<\/p>\n\t\t\n<style>\n#text-3191444363 {\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\"  id=\"row-1584967832\">\n\n\n\t<div id=\"col-876876027\" class=\"col medium-5 small-4 large-5\"  >\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-491815499\" 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-2096318923\" class=\"text\">\n\t\t\n\nSoumen Ray<br>\nChief Financial Officer\n\t\t\n<style>\n#text-2096318923 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1735021052\" class=\"text\">\n\t\t\n\nDr. J Sridhar<br>\nCompany Secretary\n\t\t\n<style>\n#text-1735021052 {\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-655870648\" class=\"col medium-3 small-4 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-201295213\" class=\"text\">\n\t\t\n\nRahul Bajaj<br>\nChairman\n\t\t\n<style>\n#text-201295213 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1718773775\" class=\"text\">\n\t\t\n\nMadhur Bajaj<br>\nVice Chairman\n\t\t\n<style>\n#text-1718773775 {\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-944","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/944","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=944"}],"version-history":[{"count":10,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/944\/revisions"}],"predecessor-version":[{"id":3478,"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/pages\/944\/revisions\/3478"}],"wp:attachment":[{"href":"https:\/\/investors.bajajauto.com\/ar21\/wp-json\/wp\/v2\/media?parent=944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}