v3.24.1.1.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Operating activities:      
Net profit $ 3,169 $ 2,983 $ 2,968
Adjustments to reconcile net profit to net cash provided by operating activities:      
Depreciation and amortization 565 524 466
Interest and dividend income (138) (139) (108)
Finance cost 56 35 27
Income tax expense 1,177 1,142 1,068
Exchange differences on translation of assets and liabilities, net 11 21 15
Impairment loss recognized/(reversed) under expected credit loss model 15 35 23
Stock compensation expense 79 64 56
Provision for post sale client support 9 15  
Interest receivable on income tax refund (234)    
Other adjustments 176 65 8
Changes in working capital      
Trade receivables and unbilled revenues (322) (875) (1,064)
Prepayments and other assets (151) (404) (225)
Trade payables 11 (35) 200
Unearned revenues 21 103 299
Other liabilities and provisions (182) 407 632
Cash generated from operations 4,262 3,941 4,365
Income taxes paid (1,114) (1,088) (1,020)
Net cash generated by operating activities 3,148 2,853 3,345
Investing activities:      
Expenditure on property, plant and equipment and intangibles (266) (319) (290)
Deposits placed with corporation (102) (123) (121)
Redemption of deposits placed with corporations 86 94 101
Interest and dividend received 110 120 109
Payment for acquisition of business, net of cash acquired   (113)  
Payments to acquire Investments      
Liquid mutual fund units and fixed maturity plan securities (7,990) (8,739) (7,240)
Target maturity fund units   (49)  
Certificates of deposit (1,027) (1,280) (560)
Quoted debt securities (184) (228) (786)
Commercial paper (1,254) (371)  
Other investments (2) (2) (3)
Proceeds on sale of Investments      
Liquid mutual fund units and fixed maturity plan securities 7,818 8,890 7,186
Certificates of deposit 1,111 1,287 105
Quoted debt securities 203 318 494
Commercial paper 782 284  
Equity and preference securities   12  
Other investments 3   1
Escrow and other deposits pertaining to Buyback   (59) (57)
Redemption of escrow and other deposits pertaining to Buyback   59 57
Other payments (12) (8) (10)
Other receipts 16 9 9
Net cash used in investing activities (708) (218) (1,005)
Financing activities:      
Payment of lease liabilities (245) (151) (125)
Payment of dividends (1,777) (1,697) (1,703)
Payment of dividends to non-controlling interests of subsidiary (5) (3) (11)
Shares issued on exercise of employee stock options 1 4 2
Payment towards purchase of non-controlling interest (2)    
Other payments (88) (59) (17)
Other receipts   16 32
Buyback of equity shares including transaction costs and tax on buyback   (1,398) (1,503)
Net cash used in financing activities (2,116) (3,288) (3,325)
Net increase/(decrease) in cash and cash equivalents 324 (653) (985)
Effect of exchange rate changes on cash and cash equivalents (32) (171) (90)
Cash and cash equivalents at the beginning 1,481 2,305 3,380
Cash and cash equivalents at the end 1,773 1,481 2,305
Supplementary information:      
Restricted cash balance $ 42 $ 44 $ 62