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Consolidated Statement of Cash Flows
₨ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2024
INR (₨)
Mar. 31, 2023
INR (₨)
Mar. 31, 2022
INR (₨)
Cash flows from operating activities:        
Profit for the year $ 1,333 ₨ 111,121 ₨ 113,665 ₨ 122,329
Adjustments to reconcile profit for the year to net cash generated from operating activities:        
Gain on sale of property, plant and equipment, net (25) (2,072) [1] (89) [1] (313) [1]
Depreciation, amortization and impairment expense 410 34,071 33,402 30,911
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings 8 655 152 (1,021)
Share-based compensation expense 67 5,584 3,969 4,110
Share of net (profit)/loss of associate and joint venture accounted for using equity method 3 233 57 (57)
Income tax expense 433 36,089 33,992 28,946
Finance and other income, net of finance expenses (136) (11,344) (8,108) (9,447)
(Gain)/loss from sale of business and investment accounted for using the equity method 0 0 6 (2,186)
Change in fair value of contingent consideration (16) (1,300) (1,671) (301)
Other non-cash items 6 488 0 0
Changes in operating assets and liabilities; net of effects from acquisitions        
Trade receivables 102 8,464 (985) (11,833)
Unbilled receivables and contract assets 71 5,919 1,558 (31,396)
Inventories 3 287 162 (256)
Other assets 106 8,869 1,055 (6,530)
Trade payables, accrued expenses, other liabilities and provisions (5) (435) (9,824) 9,695
Contract liabilities (61) (5,053) (6,522) 3,832
Cash generated from operating activities before taxes 2,299 191,576 160,819 136,483
Income taxes paid, net (185) (15,360) (30,218) (25,686)
Net cash generated from operating activities 2,114 176,216 130,601 110,797
Cash flows from investing activities:        
Payment for purchase of property, plant and equipment (126) (10,510) (14,834) (20,153)
Proceeds from disposal of property, plant and equipment 48 4,022 546 736
Payment for purchase of investments (11,700) (975,069) (806,632) (1,015,486)
Proceeds from sale of investments 11,742 978,598 740,885 953,735
Proceeds from/(payment into) restricted interim dividend account 0 0 27,410 (27,410)
Payment for business acquisitions including deposits and escrow, net of cash acquired (63) (5,291) (45,566) (129,846)
Payment for investment in joint venture (6) (484) 0 0
Proceeds from sale of business, net of cash 0 0 11 0
Proceeds from sale of investment accounted for using the equity method 0 0 0 1,652
Proceeds from security deposit for property, plant and equipment 4 300 0 0
Interest received 241 20,111 14,112 12,275
Dividend received [2] 3 3 2
Net cash generated from/(used in) investing activities 140 11,680 (84,065) (224,495)
Cash flows from financing activities:        
Proceeds from issuance of equity shares and shares pending allotment [2] 13 12 6
Repayment of loans and borrowings (1,566) (130,557) (168,910) (191,810)
Proceeds from loans and borrowings 1,446 120,500 161,034 260,120
Payment of lease liabilities (121) (10,060) (9,711) (9,730)
Payment for buyback of equity shares, including tax and transaction cost (1,742) (145,173) 0 0
Payment for contingent consideration (16) (1,294) (1,784) (309)
Interest and finance expenses paid (125) (10,456) (8,708) (5,089)
Payment of dividend (63) (5,218) (32,814) (5,467)
Payment of dividend to Non-controlling interests holders (4) (322) 0 (1,135)
Net cash generated from/(used in) financing activities (2,191) (182,567) (60,881) 46,586
Net increase/ (decrease) in cash and cash equivalents during the year 64 5,329 (14,345) (67,112)
Effect of exchange rate changes on cash and cash equivalents (3) (239) 2,373 1,282
Cash and cash equivalents at the beginning of the year 1,102 91,861 103,833 169,663
Cash and cash equivalents at the end of the year (Refer to Note 11) $ 1,163 ₨ 96,951 ₨ 91,861 ₨ 103,833
[1] (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ (2,357).
[2] Value is less than 1