v3.26.1
Consolidated Statement of Cash Flows
₨ in Millions, $ in Millions
 12 Months Ended
Mar. 31, 2026
INR (₨)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
INR (₨)
Mar. 31, 2024
INR (₨)
Mar. 31, 2026
USD ($)
Cash flows from operating activities          
Profit before tax ₨ 13,620 $ 145 ₨ 10,034 ₨ 8,142  
Adjustments to reconcile profit before tax to net cash flows:          
Finance costs 60,278 642 51,368 46,762  
Depreciation, amortisation and impairment 26,738 285 20,670 17,583  
Change in fair value of warrants (184) (2) (595) (551)  
Gain on disposal of subsidiaries (net) (3,542) (38) (3,088) (3,659)  
Share based payments 897 10 1,277 1,653  
Interest income (4,177) (45) (4,451) (5,121)  
Gain on acquisition of 3E NV (refer Note 29) (2,383) (25) 0 0  
Others 621 7 218 2,256  
Working capital adjustments:          
(Increase) / decrease in trade receivables and contract assets (499) (5) (3,082) 3,867  
Increase in inventories (9,495) (101) (2,395) (755)  
Increase in other assets (7,867) (84) (899) (1,445)  
Increase in trade payables and other liabilities 11,432 122 730 3,493  
Cash generated from operations 85,439 911 69,787 72,225  
Income tax refund (net) (4,001) (43) (2,222) (3,294)  
Net cash generated from operating activities (a) 81,438 868 67,565 68,931  
Cash flows from investing activities          
Purchase of property, plant and equipment, intangible assets and right of use assets (93,966) (1,001) (93,659) (153,838)  
Investment in deposits having residual maturity more than 3 months and mutual funds (504,305) (5,375) (363,586) (443,704)  
Redemption of deposits having residual maturity more than 3 months and mutual funds 487,079 5,191 375,219 426,706  
Deferred consideration received     642 1,120  
Disposal of subsidiaries, net of cash disposed (refer Note 36) 5,302 57 4,777 5,741  
Purchase consideration paid       (1,638)  
Interest received 3,694 39 4,139 3,606  
Loans given (250) (3) (292) (228)  
Investment in optionally convertible debentures & energy funds (306) (3) (215) (290)  
Investment in jointly controlled entities (refer Note 51)     (1,189) (10)  
Net cash used in investing activities (b) (102,752) (1,095) (74,164) (162,535)  
Cash flows from financing activities          
Shares issued during the period 542 6 20 17  
Shares bought back, held as treasury stock (refer Note 16)       (4,819)  
Payment for acquisition of interest from non-controlling interest     (335) (237)  
Payment of lease liabilities (including payment of interest expense) (refer Note 38) (878) (9) (663) (588)  
Proceeds from shares and debentures issued by subsidiaries 9,731 104 1,829 7,608  
Put options exercised during the year (refer Note 42)       (1,000)  
Dividend paid to non-controlling interest (613) (7)      
Proceeds from interest-bearing loans and borrowings 470,602 5,015 362,957 413,976  
Repayment of interest-bearing loans and borrowings (416,964) (4,444) (285,976) (280,350)  
Interest paid (including settlement gain / loss on derivative instruments) [1] (59,870) (638) (57,848) (52,190)  
Net cash generated from financing activities (c) 2,550 27 19,984 82,417  
Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c) (18,764) (200) 13,385 (11,187)  
Cash and cash equivalents at the beginning of the year 40,419 431 27,021 38,182  
Cash & cash equivalents received on acquisition (refer Note 52) 107 1      
Effects of exchange rate changes on cash and cash equivalents 62 1 13 26  
Cash and cash equivalents at the end of the year 21,824 $ 233 40,419 27,021  
Components of cash and cash equivalents          
Cash and cheque on hand 2   1 0 $ 0
Balances with banks:          
- On current accounts 8,165   15,083 11,466 87
- Deposits with original maturity of less than 3 months 14,678   25,335 15,555 156
Total cash and cash equivalents (refer Note 15) 22,845   40,419 27,021 243
Less: Bank overdraft (refer Note 23) (1,021)       (11)
Total cash and cash equivalents ₨ 21,824   ₨ 40,419 ₨ 27,021 $ 233
[1] includes INR 11,269 (March 31, 2025: INR 11,251; March 31, 2024: INR 9,853) that has been capitalized.