CashFlow_rev

Statement Of Cash Flows

(₹ In Crore)

Particulars

For the year ended 31 March

2024

2023

         

I.

Operating activities

Profit before tax

9,822.01

7,408.64

Adjustments to reconcile profit before tax to net cash flows:

Add:

i)

Depreciation and amortisation expense

349.84

282.44

ii)

Loss on property, plant and equipment sold, demolished, discarded and scrapped

2.91

14.11

iii)

Provision for doubtful debts and advances

(23.83)

4.79

iv)

Share based payment to employees

40.37

29.82

v)

Exchange loss/(gain) on cash and cash equivalents

(0.19)

11.39

vi)

Exchange loss/(gain) on trade receivables

(6.17)

2.50

vii)

Exchange loss/(gain) on import payables

–

0.24

viii)

Exchange loss/(gain) on borrowings

1.35

–

ix)

Interest adjustment on Government grant

1.60

1.46

x)

Interest expense

51.90

38.02

417.78

384.77

Less:

i)

Investment income included in above:

Interest income on fixed income securities

195.55

306.99

Interest income on fixed deposits

141.85

61.05

Interest income on exchange traded funds

443.19

344.56

Interest income on fixed maturity plans

46.90

39.55

Profit/(loss) on sale of other investments, net

(16.61)

–

Gain on valuation and realisation of mutual funds measured at fair value through profit or loss

437.11

174.53

Dividend income on other strategic investments

43.05

47.25

Amortisation of premium/discount on acquisition of fixed income securities

96.50

(2.00)

1,387.54

971.93

ii)

Government grants

2.65

2.65

iii)

Surplus on sale of property, plant and equipment

5.83

111.56

(1,396.02)

(1,086.14)

8,843.77

6,707.27

Change in assets and liabilities

i)

(Increase)/decrease in inventories

(297.72)

(167.39)

ii)

(Increase)/decrease in trade receivables

(316.28)

(267.03)

iii)

(Increase)/decrease in loans and other assets

(170.57)

655.53

iv)

Increase/(decrease) in liabilities and provisions

1,801.68

502.24

1,017.11

723.35

Annuity payments (net) to VRS/Welfare scheme optees

0.01

(0.32)

Net cash flow from operating activities before income-tax

9,860.89

7,430.30

Income-tax paid

(2,382.62)

(1,918.41)

   

Net cash flow from/(used in) operating activities

7,478.27

5,511.89

   

II.

Investing activities

i)

Investment in subsidiary

(301.98)

(538.00)

ii)

Sale of investments

17,248.43

10,792.76

iii)

Purchase of investments

(14,603.39)

(9,339.40)

iv)

Sale/(purchase) of liquid mutual funds, etc., net

(2,073.32)

873.85

v)

Investment in treasury shares by ESOP trust

(25.76)

5.78

vi)

(Increase)/decrease in other bank balances

(21.68)

(41.96)

vii)

Purchase of property, plant and equipment (including advances)

(807.69)

(943.31)

viii)

Sale proceeds of property plant and equipment

11.99

136.90

ix)

Expenditure on intangible assets (including under development)

(3.20)

(35.73)

(576.60)

910.89

x)

Investment income

Interest income on fixed income securities

195.55

306.99

Interest income on fixed deposits

141.85

61.05

Dividend income on other strategic investments

43.05

47.25

380.45

415.29

   

(Increase)/decrease in interest receivable

56.93

7.63

437.38

422.92

   

Net cash flow from/(used in) investing activities

(139.22)

1,333.81

   

III.

Financing activities

i)

Short-term bank loan taken/(repaid)

832.70

–

ii)

Interest expense

(51.90)

(38.02)

iii)

Equity share buy-back (incl. tax and expenses)

(4,017.18)

(3,093.88)

iv)

Issue of capital (including securities premium)

86.53

–

v)

Dividend paid

(3,960.20)

(4,046.96)

   

Net cash flow from/(used in) financing activities

(7,110.05)

(7,178.86)

   

Net change in cash and cash equivalents

229.00

(333.16)

   

Cash and cash equivalents at the beginning of the year

219.42

563.97

Add/(Less): Effects of exchange (loss)/gain on cash and cash equivalents

0.19

(11.39)

Cash and cash equivalents at the end of the year [See note 11]

448.61

219.42

   

Change in liability arising from financing activity:

At the beginning of the year

–

–

Changes from financing cash flows

832.70

–

Foreign exchange movement

1.35

–

Other changes

–

–

As at the end of the year

834.05

–

   

   

As per our report of even date

On behalf of the Board of Directors

For S R B C & CO LLP

Chartered Accountants

ICAI Firm Registration Number: 324982E/E300003

Niraj Bajaj

Chairman

(DIN: 00028261)

Dinesh Thapar

Chief Financial Officer

Rajiv Bajaj

Managing Director

(DIN: 00018262)

per Arvind Sethi

Partner

Membership Number: 089802

Pune: 18 April 2024

Rajiv Gandhi

Company Secretary

Anami N. Roy

Chairman – Audit Committee

(DIN: 01361110)