STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2021

(All amounts are in crores of Indian Rupees, except share data and as stated)

A. Cash flows from operating activities Note March 31, 2021

Profit before tax 438.11
Adjustments for:
Depreciation and amortisation expense 3 141.44
Amortisation of right of use assets 3 5.14
Provision for diminution in value of investments
Unrealised foreign exchange loss / (-gain), net 2.5
Mark to market (-gain) / loss on derivative instruments -0.09
Finance costs 2 14.16
Interest income 1 -6.1
Dividend income 1 -1.2
(-Profit) / loss on sale of property, plant and equipment, net -0.03
Financial guarantee income -1.06
Loss allowance on trade receivables
Gain on sale of investment in mutual funds, net 1 -0.97
Operating profit before working capital changes 591.9

Adjustments for changes in working capital:

(-Increase) / decrease in inventories -65.88
(-Increase) / decrease in financial assets -176.26
Decrease in other assets 19.73
Increase / (-decrease) in financial liabilities 150.3
Increase / (-decrease) in other liabilities and provisions 1
Cash generated from operating activities 520.79
Income taxes paid, net -106.86
Net cash from operating activities 413.93

B. Cash flows from investing activities

Purchase of property, plant and equipment and intangibe assets
(including capital work-in-progress and capital advances) -128.15
Purchase of right of use assets -1.36
Proceeds from sale of property, plant and equipment 0.77
Acquisition of investments -689.86
Proceeds from sale of investments 682.58
Dividend received 1 1.2
Interest received 5.78
Net cash used in investing activities -129.04

C. Cash flows from financing activities

Repayment of short - term borrowings, net -229.91
Repayment of lease liabilities -5.1
Dividend paid (including dividend distribution tax) -27.32
Interest paid -21.67
 Net cash used in financing activities -284
D. Net cash flows during the year (A+B+C) 0.89
E. Cash and cash equivalents at the beginning 11.96
F. Cash and cash equivalents at the end of the year (D+E) 12.85

NOTES TO STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH
(All amounts are in crores of Indian Rupees, except share data and as stated)

Note: 1 March 31, 2021

Other income
Interest income
on bank deposit 1.78
on others 4.32
Net foreign exchange gain 3.94
Dividend income from
subsidiary companies 0.79
other companies 0.41
Profi t on sale of assets, net 0.03
Gain on sale of investments in mutual funds 0.97
Other non-operating income 4.33
16.57

Note: 2
Finance costs
Interest expense
on financial liabilities measured at amortised cost 20.61
on lease liabilities 1.34
Exchange differences regarded as an adjustment to borrowing costs -6.81
Less: Borrowing costs capitalised -0.98
14.16

Note: 3
Depreciation and amortisation expense
Depreciation on property, plant and equipment 140.69
Depreciation on investment property 0.02
Amortisation of right of use assets 5.14
Amortisation of intangible assets 0.73
146.58

Analysis:
·        Divident income from subsidiary companies have decreased from last year, due to less investment in subsi
·        Inventories are increased as compared to previous year, due to more supply.
·        Operating financial assets are increased drastically over last year.
·        Net cash from operating activities is higher in present year due to increased credit purchases or increased
·        In present year, less assets were purchased then in previous year, resulting in less cash flow in investing ac
·        Percentage of repayment of liabilities in less in present year, even with increased liability.
·        Overall, company has gained profit but not in significant amount.
ENDED MARCH 31, 2021

March 31, 2020

376.4

131.08
5.43
12.49
-2.68
6.21
43.86
-3.05
-3.22
0.57
-0.97
2.86
-0.81
568.17

67.51
222.68
51.32
-144.56
-1.34
763.78
-103.6
660.18

-306.11
-4.31
0.76
-1,192.96
1,192.75
3.22
2.76
-303.89

-126.91
-5.62
-182.13
-37.32
 -351.98
4.31
7.65
11.96

R THE YEAR ENDED MARCH 31, 2021

March 31, 2020

0.35
2.7
8.63

2.58
0.64

0.81
4.73
20.44

36.18
1.57
10.89
-4.78
43.86

130.32
0.03
5.43
0.73
136.51

ast year, due to less investment in subsidiary company or due to loss in subsidiary company.
ncreased credit purchases or increased liabilities.
esulting in less cash flow in investing activities than in previous year.
with increased liability.