v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Operating activities:      
Net profit $ 3,162 $ 3,169 $ 2,983
Adjustments to reconcile net profit to net cash provided by operating activities:      
Depreciation and amortization 569 565 524
Interest and dividend income (139) (138) (139)
Finance cost 49 56 35
Income tax expense 1,285 1,177 1,142
Exchange differences on translation of assets and liabilities, net 9 11 21
Impairment loss recognized/(reversed) under expected credit loss model 6 15 35
Stock compensation expense 95 79 64
Provision for post sale client support (13) 9 15
Interest receivable on income tax refund (39) (234)  
Other adjustments 99 176 65
Changes in working capital      
Trade receivables and unbilled revenues (209) (322) (875)
Prepayments and other assets (157) (151) (404)
Trade payables 21 11 (35)
Unearned revenues 135 21 103
Other liabilities and provisions 140 (182) 407
Cash generated from operations 5,013 4,262 3,941
Income taxes paid (net) (662) (1,114) (1,088)
Net cash generated by operating activities 4,351 3,148 2,853
Investing activities:      
Expenditure on property, plant and equipment and intangibles (263) (266) (319)
Deposits placed with corporation (145) (102) (123)
Redemption of deposits placed with corporations 92 86 94
Interest and dividend received 113 110 120
Payment for acquisition of business, net of cash acquired (377)   (113)
Payment of contingent consideration pertaining to acquisition of business   (12)  
Payments to acquire Investments      
Liquid mutual fund units and fixed maturity plan securities (8,636) (7,990) (8,739)
Target maturity fund units     (49)
Certificates of deposit (825) (1,027) (1,280)
Quoted debt securities (383) (184) (228)
Commercial paper (757) (1,254) (371)
Other investments (7) (2) (2)
Proceeds on sale of Investments      
Liquid mutual fund units and fixed maturity plan securities 8,747 7,818 8,890
Certificates of deposit 791 1,111 1,287
Quoted debt securities 373 203 318
Commercial paper 914 782 284
Equity and preference securities     12
Other investments 1 3  
Escrow and other deposits pertaining to Buyback     (59)
Redemption of escrow and other deposits pertaining to Buyback     59
Other payments     (8)
Other receipts 1 16 9
Net cash used in investing activities (361) (708) (218)
Financing activities:      
Payment of lease liabilities (278) (245) (151)
Payment of dividends (2,416) (1,777) (1,697)
Payment of dividends to non-controlling interests of subsidiary   (5) (3)
Shares issued on exercise of employee stock options 1 1 4
Payment towards purchase of non-controlling interest   (2)  
Loan repayment of in-tech Holding GmbH (Refer to note 2.10) (118)    
Other payments (64) (88) (59)
Other receipts     16
Buyback of equity shares including transaction costs and tax on buyback     (1,398)
Net cash used in financing activities (2,875) (2,116) (3,288)
Net increase/(decrease) in cash and cash equivalents 1,115 324 (653)
Effect of exchange rate changes on cash and cash equivalents (27) (32) (171)
Cash and cash equivalents at the beginning 1,773 1,481 2,305
Cash and cash equivalents at the end 2,861 1,773 1,481
Supplementary information:      
Restricted cash balance $ 50 $ 42 $ 44