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Consolidated Statement of Cash Flows
₨ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2023
USD ($)
Mar. 31, 2023
INR (₨)
Mar. 31, 2022
INR (₨)
Mar. 31, 2021
INR (₨)
Cash flows from operating activities:        
Profit for the year $ 1,383 ₨ 113,665 ₨ 122,329 ₨ 108,662
Adjustments to reconcile profit for the year to net cash generated from operating activities:        
Gain on sale of property, plant and equipment, net (1) (89) (313) (516)
Depreciation, amortization and impairment expense 406 33,402 30,911 27,656
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings 2 152 (1,021) (2,251)
Share-based compensation expense 48 3,969 4,110 2,310
Share of net (profit)/loss of associates accounted for using equity method 1 57 (57) (130)
Income tax expense 414 33,992 28,946 30,345
Finance and other income, net of finance expenses (99) (8,108) (9,447) (16,614)
(Gain)/loss from sale of business and investment accounted for using the equity method [1] 6 (2,186) 81
Gain on derecognition of contingent consideration payable (20) (1,671) (301) 0
Changes in operating assets and liabilities; net of effects from acquisitions        
Trade receivables (12) (985) (11,833) 12,848
Unbilled receivables and Contract assets 19 1,558 (31,396) (1,062)
Inventories 2 162 (256) 803
Other assets 13 1,055 (6,530) 931
Trade payables, accrued expenses, other liabilities and provisions (120) (9,824) 9,695 5,698
Contract liabilities (79) (6,522) 3,832 3,704
Cash generated from operating activities before taxes 1,957 160,819 136,483 172,465
Income taxes paid, net (368) (30,218) (25,686) (24,915)
Net cash generated from operating activities 1,589 130,601 110,797 147,550
Cash flows from investing activities:        
Payment for purchase of property, plant and equipment (180) (14,834) (20,153) (19,577)
Proceeds from disposal of property, plant and equipment 7 546 736 753
Payment for purchase of investments (9,814) (806,632) (1,015,486) (1,172,251)
Proceeds from sale of investments 9,014 740,885 953,735 1,189,059
Proceeds from/(payment into) restricted interim dividend account 333 27,410 (27,410)  
Payment for business acquisitions including deposits and escrow, net of cash acquired (554) (45,566) (129,846) (9,873)
Proceeds from sale of business, net of cash [1] 11 0 0
Proceeds from sale of investment accounted for using the equity method 0 0 1,652 0
Interest received 172 14,112 12,275 19,624
Dividend received [1] 3 2 4
Net cash generated from/(used in) investing activities (1,022) (84,065) (224,495) 7,739
Cash flows from financing activities:        
Proceeds from issuance of equity shares and shares pending allotment [1] 12 6 6
Repayment of loans and borrowings (2,055) (168,910) (191,810) (97,206)
Proceeds from loans and borrowings 1,959 161,034 260,120 103,418
Payment of lease liabilities (118) (9,711) (9,730) (8,660)
Payment for buyback of equity shares, including transaction cost 0 0 0 (95,199)
Payment of tax on buyback of equity shares 0 0 0 (21,445)
Payment for deferred contingent consideration (22) (1,784) (309) 0
Interest and finance expenses paid (106) (8,708) (5,089) (3,335)
Payment of dividend (399) (32,814) (5,467) (5,459)
Payment of dividend to Non-controlling interests holders 0 0 (1,135) (960)
Net cash generated from/(used in) financing activities (741) (60,881) 46,586 (128,840)
Net increase/ (decrease) in cash and cash equivalents during the year (174) (14,345) (67,112) 26,449
Effect of exchange rate changes on cash and cash equivalents 29 2,373 1,282 (890)
Cash and cash equivalents at the beginning of the year 1,263 103,833 169,663 144,104
Cash and cash equivalents at the end of the year (Note 11) $ 1,118 ₨ 91,861 ₨ 103,833 ₨ 169,663
[1] Value is less than 1