|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(₹ in crores)
|
|
|
|
For six months ended
September 30,
|
|
|
Year ended
March 31,
|
|
|
|
2019
|
|
|
2018
|
|
|
2019
|
|
|
|
Unaudited
|
|
|
Audited
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(Loss) for the year
|
|
|
(3,867.36
|
)
|
|
|
(2,872.06
|
)
|
|
|
(28,724.20
|
)
|
Adjustments for:
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortisation expense
|
|
|
10,411.29
|
|
|
|
11,798.33
|
|
|
|
23,590.63
|
|
Allowances for finance receivables
|
|
|
339.24
|
|
|
|
78.40
|
|
|
|
320.24
|
|
Allowances for trade and other receivables
|
|
|
30.30
|
|
|
|
136.96
|
|
|
|
214.19
|
|
Inventory write-down
|
|
|
268.95
|
|
|
|
269.27
|
|
|
|
608.63
|
|
Defined benefit pension plan amendment past service cost
|
|
|
|
|
|
|
|
|
|
|
147.93
|
|
Employee separation cost
|
|
|
114.50
|
|
|
|
|
|
|
|
1,367.22
|
|
Provision/(reversal) for impairment of capital work in progress and intangibles under
development
|
|
|
(83.11
|
)
|
|
|
93.21
|
|
|
|
|
|
Provision/(Reversal) for costs of closure of operations of a subsidiary company
|
|
|
(51.31
|
)
|
|
|
437.08
|
|
|
|
381.01
|
|
Provision for loan given to a Joint venture
|
|
|
8.75
|
|
|
|
|
|
|
|
|
|
Provision for impairment in Jaguar Land Rover
|
|
|
|
|
|
|
|
|
|
|
27,837.91
|
|
Profit on sale of investment in a subsidiary
|
|
|
|
|
|
|
|
|
|
|
(376.98
|
)
|
Exceptional items- Others
|
|
|
|
|
|
|
|
|
|
|
109.27
|
|
Marked-to-market on
investments measured at Fair value through profit or loss
|
|
|
196.10
|
|
|
|
(69.33
|
)
|
|
|
(238.54
|
)
|
Loss on sale of assets (including assets scrapped/written off) (net)
|
|
|
415.72
|
|
|
|
332.21
|
|
|
|
1,106.56
|
|
Profit on sale of investments (net)
|
|
|
(74.71
|
)
|
|
|
(58.10
|
)
|
|
|
(128.61
|
)
|
Gain on fair value of below market interest loans
|
|
|
|
|
|
|
|
|
|
|
(13.37
|
)
|
Share of (profit)/loss of joint ventures and associates (net)
|
|
|
608.87
|
|
|
|
(391.88
|
)
|
|
|
(209.50
|
)
|
Tax expense (net)
|
|
|
641.54
|
|
|
|
(143.73
|
)
|
|
|
(2,437.45
|
)
|
Finance costs
|
|
|
3,546.93
|
|
|
|
2,602.13
|
|
|
|
5,758.60
|
|
Interest income
|
|
|
(591.32
|
)
|
|
|
(317.18
|
)
|
|
|
(786.46
|
)
|
Dividend income
|
|
|
(20.89
|
)
|
|
|
(16.74
|
)
|
|
|
(17.28
|
)
|
Foreign exchange (gain)/loss (net)
|
|
|
(645.70
|
)
|
|
|
808.24
|
|
|
|
252.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from operating activities before changes in following assets and
liabilities
|
|
|
11,247.79
|
|
|
|
12,686.81
|
|
|
|
28,762.43
|
|
Finance receivables
|
|
|
1,960.91
|
|
|
|
(4,609.80
|
)
|
|
|
(10,063.79
|
)
|
Trade receivables
|
|
|
3,556.40
|
|
|
|
2,274.27
|
|
|
|
954.70
|
|
Loans and advances and other financial assets
|
|
|
144.34
|
|
|
|
82.39
|
|
|
|
230.13
|
|
Other current and non-current assets
|
|
|
(593.44
|
)
|
|
|
(883.53
|
)
|
|
|
294.88
|
|
Inventories
|
|
|
(1,759.91
|
)
|
|
|
(8,234.80
|
)
|
|
|
2,068.64
|
|
Trade payables and acceptances
|
|
|
(7,792.98
|
)
|
|
|
(8,123.87
|
)
|
|
|
(4,683.69
|
)
|
Other current and non-current liabilities
|
|
|
266.07
|
|
|
|
(816.49
|
)
|
|
|
4,365.55
|
|
Other financial liabilities
|
|
|
680.37
|
|
|
|
165.79
|
|
|
|
(30.01
|
)
|
Provisions
|
|
|
(1,412.12
|
)
|
|
|
2,051.82
|
|
|
|
(348.66
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash generated from operations
|
|
|
6,297.43
|
|
|
|
(5,407.41
|
)
|
|
|
21,550.18
|
|
Income tax paid (net)
|
|
|
(702.42
|
)
|
|
|
(1,800.58
|
)
|
|
|
(2,659.43
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash from/(used in) operating activities
|
|
|
5,595.01
|
|
|
|
(7,207.99
|
)
|
|
|
18,890.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments for property, plant and equipment
|
|
|
(6,810.62
|
)
|
|
|
(9,419.27
|
)
|
|
|
(17,419.55
|
)
|
Payments for other intangible assets
|
|
|
(7,719.28
|
)
|
|
|
(9,853.22
|
)
|
|
|
(17,883.97
|
)
|
Proceeds from sale of property, plant and equipment
|
|
|
19.10
|
|
|
|
23.04
|
|
|
|
67.23
|
|
Investments in Mutual Fund (purchased)/sold (net)
|
|
|
2,882.08
|
|
|
|
3,780.69
|
|
|
|
5,639.02
|
|
Loan given to a Joint venture
|
|
|
|
|
|
|
(3.75
|
)
|
|
|
(3.75
|
)
|
Investment in equity accounted investees
|
|
|
(1.70
|
)
|
|
|
(20.99
|
)
|
|
|
(9.31
|
)
|
Investmentsothers
|
|
|
(45.66
|
)
|
|
|
(12.40
|
)
|
|
|
(130.01
|
)
|
Loan given to others
|
|
|
|
|
|
|
|
|
|
|
(3.42
|
)
|
Proceeds from sale of investments in a subsidiary company
|
|
|
|
|
|
|
|
|
|
|
532.96
|
|
Proceeds from sale of investments in other companies
|
|
|
5.28
|
|
|
|
5.57
|
|
|
|
5.18
|
|
Interest received
|
|
|
561.71
|
|
|
|
293.13
|
|
|
|
760.52
|
|
Dividend received
|
|
|
19.75
|
|
|
|
16.74
|
|
|
|
17.28
|
|
Dividend received from equity accounted investees
|
|
|
14.26
|
|
|
|
212.16
|
|
|
|
214.98
|
|
Increase in short term Inter-corporate deposits
|
|
|
(6.67
|
)
|
|
|
(6.50
|
)
|
|
|
(1.98
|
)
|
Deposits with financial institution
|
|
|
(250.00
|
)
|
|
|
|
|
|
|
(500.03
|
)
|
Realisation of deposit with financial institution
|
|
|
250.00
|
|
|
|
|
|
|
|
|
|
Deposits/restricted deposits with banks
|
|
|
(12,626.20
|
)
|
|
|
(11,411.60
|
)
|
|
|
(24,331.07
|
)
|
Realisation of deposits/restricted deposits with banks
|
|
|
13,657.67
|
|
|
|
23,345.62
|
|
|
|
33,342.59
|
|
Payments for acquisition of minority stake of subsidiary
|
|
|
|
|
|
|
|
|
|
|
(7.76
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(10,050.28
|
)
|
|
|
(3,050.78
|
)
|
|
|
(19,711.09
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from long-term borrowings
|
|
|
7,264.48
|
|
|
|
12,401.47
|
|
|
|
26,101.86
|
|
Repayment of long-term borrowings
|
|
|
(3,247.22
|
)
|
|
|
(4,936.70
|
)
|
|
|
(13,345.89
|
)
|
Proceeds from derivatives of long-term borrowings
|
|
|
143.71
|
|
|
|
|
|
|
|
|
|
Proceeds from short-term borrowings
|
|
|
6,228.35
|
|
|
|
21,282.69
|
|
|
|
20,112.46
|
|
Repayment of short-term borrowings
|
|
|
(16,339.85
|
)
|
|
|
(22,149.61
|
)
|
|
|
(21,852.13
|
)
|
Payments towards Right to use Assets
|
|
|
(653.09
|
)
|
|
|
|
|
|
|
|
|
Net change in other short-term borrowings (with maturity up to three months)
|
|
|
11,582.12
|
|
|
|
4,832.25
|
|
|
|
4,913.90
|
|
Dividend paid to non-controlling interests shareholders
of subsidiaries (including dividend distribution tax)
|
|
|
(46.38
|
)
|
|
|
(36.25
|
)
|
|
|
(94.74
|
)
|
Interest paid [including discounting charges paid ₹641.61 crores (September 30, 2018 ₹585.52 crores,March 31, 2019
₹1,201.20 crores)]
|
|
|
(3,614.88
|
)
|
|
|
(3,191.50
|
)
|
|
|
(7,005.09
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash from/(used in) financing activities
|
|
|
1,317.24
|
|
|
|
8,202.35
|
|
|
|
8,830.37
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase/(decrease) in cash and cash equivalents
|
|
|
(3,138.03
|
)
|
|
|
(2,056.42
|
)
|
|
|
8,010.03
|
|
Cash and cash equivalents as at April 01, (opening balance)
|
|
|
21,559.80
|
|
|
|
14,716.75
|
|
|
|
14,716.75
|
|
Reversal of/(Classified as) held for sale
|
|
|
|
|
|
|
(150.04
|
)
|
|
|
243.94
|
|
Effect of foreign exchange on cash and cash equivalents
|
|
|
(71.77
|
)
|
|
|
232.93
|
|
|
|
(1,410.92
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents as at September 30/March 31, (closing balance)
|
|
|
18,350.00
|
|
|
|
12,743.22
|
|
|
|
21,559.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-cash transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability towards property, plant and equipment and intangible asests purchased on credit/deferred
credit
|
|
|
6,398.71
|
|
|
|
6,112.86
|
|
|
|
7,286.32
|
|
Increase/(decrease) in liabilities arising from financing activities on account of non-cash transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange differences
|
|
|
304.45
|
|
|
|
3,525.21
|
|
|
|
1,120.15
|
|
Amortisation of prepaid discounting charges
|
|
|
(60.28
|
)
|
|
|
77.71
|
|
|
|
158.19
|
|