 

Net increase in cash and cash equivalenis (288.08) 403.73 (166.39) 116.47

 

Cash and cash equivalents as at beginning of 597.61 193.05 360.43 240.31
year/period
Cash and cash equivalents as at end of 310.49 597.61 193.05 360.43
year/period

Operating Activities

Net cash from operating activities for the nine months ended December 31, 2020 was 2 2,420.59 million and our
operating cash flow before changes in working capital for that period was 2 2,717.13 million. The difference was
primarily attributable to = 310.67 million increase in other current assets, = 182.98 million increase in trade and
other receivables and 2 143.08 million increase in inventories. This was partially offset by = 251.46 million
increase in other current liabilities and = 211.05 million increase in trade payables and other payables.

Net cash from operating activities in Fiscal 2020 was 2 3,053.70 million and our operating cash flow before
working capital changes for that period was % 3,730.58 million. The difference was primarily attributable to =
483.97 million decrease in trade payables and other payables, = 75.43 million decrease in other current liabilities
and % 189.79 million decrease in trade and other receivables, = 23.07 million increase in inventories and % 215.70
million inincome taxes paid during the period.

Net cash from operating activities in Fiscal 2019 was % 3,600.02 million and our operating cash flow before
working capital changes for that period was = 4,179.92 million. The difference was primarily attributable to @
228.37 million increase in inventories, = 283.89 million decrease in trade and other receivables, = 162.65 million
increase in other current liabilities and 2 248.46 million in income taxes paid during the period.

Net cash from operating activities in Fiscal 2018 was 2 2,826.99 million and our operating profit before working
capital changes for that period was 2 2,748.29 million. The difference was primarily attributable to = 274.68
million increase in trade and other receivables and % 721.56 million increase in inventories. This was partially
offset by = 580.25 million decrease in other current assets and = 120.00 million in income taxes paid during the
period.

Investing Activities

Net cash used in investing activities for the nine months ended December 31, 2020 was 2 454.66 million, primarily
consisting of purchase of property, plant and equipment of % 495.02 million, purchase of intangibles of 2 6.66
million, proceeds from sale of equipment of = 31.87 million and interest received of = 15.15 million.

Net cash used in investing activities in Fiscal 2020 was 2 1,370.65 million, primarily consisting of purchase of
property, plant and equipment of % 1,386.91 million, purchase of intangibles of 2 17.43 million, proceeds from
sale of equipment of 2 14.15 million and interest received of = 21.63 million.

Net cash used in investing activities in Fiscal 2019 was = 3,584.09 million, primarily consisting of purchase of
property, plant and equipment of 2 3,558.07 million, purchase of intangibles of = 52.67 million, proceeds from
sale of equipment of 2 6.11 million and interest received of = 20.93 million.

Net cash used in investing activities in Fiscal 2018 was 2 2,107.40 million, primarily consisting of purchase of
property, plant and equipment of % 2,038.63 million, purchase of intangibles of = 82.59 million, purchase of shares
of 2 11.51 million, including investments in Bhatia Coke & Energy Limited and interest received of = 22.50
million.

Financing Activities

Net cash used in financing activities for the nine months ended December 31, 2020 was % 2,254.01 million,
primarily consisting of proceeds from long-term borrowings of = 539.80 million availed for capital expenditure,
repayment of long-term borrowings of % 1,045.34 million, repayments to from short-term borrowings of = 850.41
million, interest paid of = 840.56 million (including interest of lease liability) and principal payment towards lease
liability of = 57.50 million.

Net cash from financing activities in Fiscal 2020 was 2 1,279.32 million, primarily consisting of proceeds from

long-term borrowings of = 1,438.95 million, repayment of long-term borrowings of % 2,198.54 million, interest
paid of 2 1,386.29 million (including interest of lease liability), dividends paid of % 60.64 million, principal

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