| Mar'18 | Mar'17 | Mar'16 | ||||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net profit | ||||||
2,486 | 2,140 | 2,052 | ||||
Adjustments to reconcile net profit to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
289 | 254 | 222 | ||||
Interest and dividend income | ||||||
129 | 51 | 27 | ||||
Income tax expense | ||||||
657 | 834 | 799 | ||||
Effect of exchange rate changes on assets and liabilities | ||||||
3 | 6 | 10 | ||||
Deferred consideration pertaining to acquisition | ||||||
- | - | 23 | ||||
Impairment loss on financial assets | ||||||
5 | 20 | -7 | ||||
Reduction in fair value of Disposal Group held for sale | ||||||
18 | - | - | ||||
Share in net profit/(loss) of associate, including impairment | ||||||
-11 | -5 | - | ||||
Stock compensation expense | ||||||
13 | 17 | 1 | ||||
Other adjustments | ||||||
-20 | 7 | 25 | ||||
Changes in working capital | ||||||
Trade receivables and unbilled revenues | ||||||
-237 | -260 | -252 | ||||
Prepayments and other assets | ||||||
-58 | -70 | -220 | ||||
Trade payables | ||||||
51 | -3 | 37 | ||||
Client deposits | ||||||
1 | 1 | - | ||||
Unearned revenues | ||||||
104 | 66 | 43 | ||||
Other liabilities and provisions | ||||||
122 | -24 | 48 | ||||
Cash generated from operations | ||||||
3,316 | 2,942 | 2,754 | ||||
Income taxes paid | ||||||
1,059 | 843 | 892 | ||||
Net cash provided by operating activities | ||||||
2,257 | 2,099 | 1,862 | ||||
Investing activities: | ||||||
Expenditure on property, plant and equipment | ||||||
310 | 411 | 413 | ||||
Loans to employees | ||||||
4 | 4 | -11 | ||||
Payment for acquisition of business, net of cash acquired | ||||||
4 | - | 117 | ||||
Payment of contingent consideration pertaining to acquisition of business | ||||||
5 | 5 | - | ||||
Deposits placed with corporation | ||||||
20 | 25 | 22 | ||||
Interest and dividend received | ||||||
67 | 32 | 26 | ||||
Investment in quoted debt securities | ||||||
16 | 638 | 46 | ||||
Redemption of quoted debt securities | ||||||
18 | 1 | - | ||||
Proceeds from sale of equity and preference securities | ||||||
5 | - | - | ||||
Investment in equity and preference securities | ||||||
4 | 10 | 12 | ||||
Investment in others | ||||||
4 | 4 | 3 | ||||
Investment in certificates of deposit | ||||||
1,032 | 1,167 | - | ||||
Redemption of certificates of deposit | ||||||
1,503 | - | - | ||||
Investment in commercial papers | ||||||
45 | - | - | ||||
Investment in liquid mutual funds and fixed maturity plan securities | ||||||
9,628 | 8,083 | 3,676 | ||||
Redemption of liquid mutual funds and fixed maturity plan securities | ||||||
9,953 | 7,759 | 3,800 | ||||
Net cash used in investing activities | ||||||
482 | -2,547 | -474 | ||||
Financing activities: | ||||||
Buyback of shares including transaction cost | ||||||
2,042 | - | - | ||||
Shares issued on exercise of employee stock options | ||||||
1 | - | - | ||||
Payment of dividends (including corporate dividend tax) | ||||||
1,156 | 1,032 | 1,059 | ||||
Net cash used in financing activities | ||||||
-3,197 | -1,032 | -1,059 | ||||
Net increase/(decrease) in cash and cash equivalents | ||||||
-458 | -1,480 | 329 | ||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
18 | 34 | -253 | ||||