ITC Limited

For the yur�ncled

Standalone Statement of Cash Flows for the year ended 31st
For the year ended
3lsl Man:11. 2024 31st March, 2023
(flnCrorm.l
March, 2024
(fin Crores)

A. Cash Flow from Operating Activities

PROFIT BEFORE TAX 26315.77 24750.41
ADJUSTMENTS FOR:
Depreciation and amortization expense 1647.82 1662.73
Share based payments to employees 103.10 58.50
Finance costs 45.73 41.81
Interest Income (1592.41) (1434.53)
Dividend Income (990.351 (556.90)
(Gain)/Loss on sale of property, plant and equipment, lease termination - Net (54.07)
Inventory write-offs/ write-downs (net of reversals) 149.62 155.46
Doubtful and bad debts 9.23 (0.93)
Doubtful and bad advances, loans and deposits Impairment of 25 .03 1.16
investment in joint venture - 8.50
Gain recognised on divestment of shares held in joint venture (9.49) -
Net gain arising on financial instruments measured at amortised cost/ mandatorily measured
(784.82) (416.74)
at fair value through profit or loss
Foreign currency translations and transactions - Net (6.28) !14S6.891 37.89 (438.52)
OPERATING PROFIT BEFORE WORKING CAPITAL 24858.88 24311.89
CHANGES
ADJUSTMENTS FOR:
Trade receivables, advances and other assets (887.87) (603.25)
Inventories (2187.23) (751.59)
Trade payables, other liabilities and provisions 17.30 13057.801 755.24 (599.601
CASH GENERATED FROM OPERATIONS 21801.08 23712.29
Income tax paid (net of refunds) 15682.851 (5800.59]
NET CASH FROM OPERATING ACTIVITIES 16118.23 17911.70

B. cash Flow from Investing Activities

Purchase of property, plant and equipment, intangibles, ROU asset etc. (2647.231 (1858.32)
Sale of property, plant and equipment 100.85 48.86
Purchase of current investments (64931.45) (72925.91)
Sale/redemption of current investments 67992.14 67720.51
Payment towards contingent purchase consideration - (63.75)
Investment in subsidiaries (1050.35) (1184.14)
Investment in associates (86.26) (1.88)
Investment in joint venture (0.90) -
Purchase of non-current investments (2745.51) (2349.41)
Sale/redemption of non-current investments 2622 .86 4057.60
Redemption of investment in subsidiary - 18.00
Advance received towards divestment of shares held in joint venture - 56.00
Dividend received 990.35 556.90
Interest received 1016.53 1216.27
Investment in bank deposits
(3578.11) (7427.20)
(original maturity more than 3 months)
Redemption/ maturity of bank deposits
4446.34 5476.33
(original maturity more than 3 months)
Investment in deposit with housing finance company
- (3500.00)
Redemption/ maturity of deposit with housing finance companies - 5000.00
Loans given (12.22) (8.21)
Loans realised 10.51 8.98
NET CASH FROM/ (USED IN) INVESTING ACTIVITIES 2127.55 (5159.37)

c. Cash Flow from Financing Activities

Proceeds from issue of share capital 1442.83 2477.39
Repayment of non-current borrowings (1.26) (0.74)
Principal payment of lease liabilities (56.64] (51.97)
Interest paid (46.02) (40.04)
Net increase in statutory restricted accounts balances Dividend 12.12 14.94
paid (19606.06) (15150.44)
Dividend distribution tax refund received NET - 20.43
CASH USED IN FINANCING ACTIVITIES (18255.03) (12730.43)
NET (DECREASE)/ INCREASE IN CASH AND CASH (9.25) 21.90
EQUIVALENTS OPENING CASH AND CASH 206.88 184.98
EQUIVALENTS
CLOSING CASH AND CASH 197.63 206.88
EOUIVALENTS
Notes:
1. The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in Ind AS - 7 "Statement of Cash Flows"
Asat As at
2. CASH AND CASH EQUIVALENTS: 31st March, 2024 31st March, 2023

Cash and cash equivalents as above 197.63 206.88

Unrealised gain/ (loss) on foreign currency cash and cash equivalents Cash
and cash equivalents 197.63 206.88

3. Net Cash Flow from Operating Activities includes an amount of 1' 436.16 Crores (2023 - 1' 328.80 Crores) spent towards Corporate Social Responsibility.

4. Figures presented as"..." are below the rounding off norm adopted by the Compan