Adani Power : Q4 FY 2023-24

	May 1, 2024
BSE Limited	National Stock Exchange of India Limited
P J Towers,	Exchange plaza,
Dalal Street,	Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 001.	Mumbai - 400 051.
Scrip Code: 533096	Scrip Code: ADANIPOWER
Dear Sir(s),

Sub.: Outcome of the Board Meeting held on May 1, 2024 and Submission of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2024

With reference to above, we hereby inform / submit as under:

1. The Board of Directors of the Company (the "Board"), at its meeting held on May 1, 2024, commenced at 10:00 a.m. and concluded at 07:00 p.m., has approved and taken on record the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2024, along with the Auditors' Report, as issued by the Statutory Auditors of the Company (the "Audited Financial Results"). A copy of the same is enclosed herewith.
   The Audited Financial Results are also being uploaded on the Company's website at www.adanipower.com.
   We would like to state that M/s. S R B C & Co. LLP, Statutory Auditors have issued audit reports with modified opinion on the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2024. The statement on impact of Audit Qualification is enclosed along with the Audited Financial Results.
2. The Board has also approved the proposal to convene 28th Annual General Meeting ("AGM") of the Company on Tuesday, June 25, 2024 at 12.00 noon through Video Conferencing / Other Audio Visual Means in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
3. Press Release dated May 1 2024 on the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2024, is also enclosed herewith.

Adani Power Limited	Tel [phone]
"Adani Corporate House"	Fax [phone]
Shantigram, Near Vaishno Devi Circle,	[e-mail]
S. G. Highway, Khodiyar,	www.adanipower.com
Ahmedabad-382421, Gujarat India
CIN : L40100GJ1996PLC030533

Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421

4. As informed earlier, vide our letter dated April 22, 2024, the Company will hold the "Post Results Conference Call" on May 2, 2024, with investors to discuss the financial performance of the Company.

Kindly take our submissions, as made herein above, on record.

Thanking You.

Yours faithfully,

For Adani Power Limited

DEEPAK SANATKUM AR PANDYA

Digitally signed by

DEEPAK SANATKUMAR PANDYA Date: 2024.05.01 19:07:07 +05'30'

Deepak S Pandya

Company Secretary (Mem. No.: FCS-5002)

Encl.: as above.

Adani Power Limited	Tel [phone]
"Adani Corporate House"	Fax [phone]
Shantigram, Near Vaishno Devi Circle,	[e-mail]
S. G. Highway, Khodiyar,	www.adanipower.com
Ahmedabad-382421, Gujarat India
CIN : L40100GJ1996PLC030533

Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421

SR BC & CO LLP	21st Floor, B Wing, Privilon
Ambli BRT Road, Behind lsl1con Temple
Chartered Accountants	Off SG Highway, Ahmedabad - 3B0 059, India
Tel : [phone]B 3900

Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors of

Adani Power Limited

Report on the audit of the Consolidated Financial Results

Qualified Opinion

We have audited the accompanyingstatement of quarterly and year to date consolidated financial results of Adani Power Limited ("Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associate for the quarter ended March 31, 2024 and for the year ended March 31, 2024 ("Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements of the subsidiaries, the Statement:

1. includes the results of the following entities;

Sr. No	Name of entity		Relationship
1	Adani Power (Jharkhand) Limited	Wholly Owned Subsidiary
2	Pench Thermal	Energy	Wholly Owned Subsidiary
	Limited
3	Kutchh	Power Generation Limited	Wholly Owned Subsidiary
4	Adani Power Dahej Limited	Wholly Owned Subsidiary
5	Adani Power Resources Limited	Subsidiary
6	Mahan Energen Limited (Formerly	Wholly Owned Subsidiary
	known as Essar Power MP Limited)
7	Mahan Fuel Management Limited	Wholly Owned Subsidiary
8	Alcedo Infra Park Limited	Wholly Owned Subsidiary
9	Chandenvalle Infra Park Limited	Wholly Owned Subsidiary
10	Emberiza Infra Park Limited	Wholly Owned Subsidiary
11	Resurgent Fuel	Management	Wholly Owned Subsidiary
	Limited
12	lnnovant					Wholly Owned Subsidiary (w.e.f. June 7, 2022
	Buildwell Private Limited
	(Formerly known as Etemus Real	upto January 29, 2024)
	Estate Private Limited)
13	Aviceda Infra Park Limited	Wholly Owned Subsidiary (w.e.f. September 5,
							2022 upto March 29, 2024)
14	Moxie Power Generation Limited	Associate (w.e.f. January 30, 2024)

1. except for the possible effect of the matter described in basis for qualified opinion section of our report, is presented in accordance with the requirements of the Listing Regulations in this regard;

and

1. except for the possible effect of the matter described in basis for qualified opinion paragraph below, gives a true and fair view in conformity with the applicable accouriting standards, and other

SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB·431B

Regd. Office: 22, Camac Street. Block 'B', 3rd Floor, Kolkata-700 016

SR 8 C & CO LLP

Chartered Accountants

accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the quarter ended March 31, 2024 and for the year ended March 31, 2024.

Basis for Qualified Opinion

We draw attention to Note 18 of accompanying consolidated financial results. Pending adjudications/ outcome of the investigations by the Securities and Exchange Board of India as stated therein, we are unable to comment on the possible consequential effects thereof, if any, on the consolidated financial results. Our audit opinion for the quarter and year ended March 31, 2023, and limited review conclusion for the quarter ended December 31, 2023, were also modified for the above and other matters.

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group, in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our qualified opinion.

Management's Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associate in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective company (ies) and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group and its associate are responsible for assessing the ability of their respective company (ies)to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the management either intends to liquidate the respective company (ies) or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and its associate are also responsible for overseeing the financial reporting process of their respective company(ies).

SR BC & CO LLP

Chartered Accountants

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group and its associate of which we are the independent auditors to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

SR BC & CO LLP

Chartered Ace,ountants

We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board ofindia under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter

1. The accompanying Statement includes the audited financial statements and other financial information, in respect of ten subsidiaries, whose financial statements include total assets of< 23,359.52 crores as at March 31, 2024, total revenues on 2,313.28 crores and< 7,636.56 crores, total net profit after tax of< 552.11 crores and< 868.65 crores, total comprehensive income of< 557.53 and< 834.24 crores, for the quarter and the year ended on that date respectively, and net cash outflows of< (6.79) crores for the year ended March 31, 2024, as considered in the Statement which have been audited by their respective independent auditors.

The independent auditor's report on the financial statements of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.

1. The accompanying Statement includes unaudited financial statements and other unaudited financial information in respect of

Two subsidiaries, which were disposed off during the year, whose financial statements and other financial information reflect total assets of< Nil crores as at March 31, 2024, total revenues of< 0.09 crores and< 0.04 crores, total net loss after tax of< (36.58) crores and< (4.34) crores, total comprehensive income of< (36.58) crores and< (4.34) crores for the quarter and year ended on that date and net cash inflows of< Nil crores for the year ended March 31, 2024, whose financial statements and other financial information have not been audited by any auditor.

One associate whose financial results /statements includes the Group's share of net loss of Rs. Rs Nil and Group's share of total comprehensive loss of Rs Nil and Rs. Nil for the quarter and for the year ended March 31, 2024 respectively, as considered in the Statement whose financial results /statements and other financial information have not been audited by any auditor.

These unaudited financial statements have been approved and furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and an associate, is based solely on such unaudited financial statements. In our opinion and according to the information and explanations given to us by the Management, these financial statements are not material to the Group.

1. Our opinion on the Statement is not modified in respect of the paragraphs above with respect to our reliance on the work done and the reports of the other auditors and the Financial Results certified by the Management

SR BC & CO LLP

Chartered Accountants

1. The Statement includes the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2024 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For'SR BC & CO LLP

C�artefed Accountants

HEAi Firm registration number: 324982E/E300003
/	'	�
').:c,C�� �/ "(�
per Santosh	arwal
Partner	o.: 093669
Membership
unIN: 2Lloci	:?G6(H3KFCGi.S 1q?-1-

Place: Ahmedabad

Date: May 0 1, 2024

adani

ADANI POWER LIMITED

(CIN No: L40100GJ1996PLC030533)

Power

Regd. Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat.

Phone : [phone]; Fax : [phone]; Email : [e-mail]; Website : www.adanipower.com

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2024

Ct in Crores)

Consolidated

Sr.

3 Months

3 Months

3 Months

For the year

For the year

Particulars

ended

ended

ended

ended

ended

No.

31.03.2024

31.12.2023

31.03.2023

31.03.2024

31.03.2023

(Refer note

(Unaudited)

{Refer note

{Audited)

(Audited)

23)

23)

• Income

	(a) Revenue from Operations (Refer note 8)			13,363.69	12,991.44	10,242.06	50,351.25	38,773.30
	(b) Other Income (Refer note 8)	517.83	363.83	553.26	9,930.23	4,267.22
	Total Income	13,881.52	13,355.27	10,795.32	60,281.48	43,040.52
2 Expenses
	(a) Fuel Cost	7,379.52	7,548.98	7,546.72	28,452.64	25,480.85
	(b) Purchase of Stock-in-Trade/ Power for Resale	100.80	68.91	60.18	222.26	214.14
	(c) Transmission Charges	132.89	98.85	152.86	503.99	519.61
	(d) Employee Benefits Expenses			189.41	151.04	149.14	643.70	569.99
	(e) Finance Costs (Net)			819.60	796.56	746.00	3,388.09	3,333.50
	(f) Depreciation e- amortisation Expenses	990.03	1,002.23	816.95	3,931.33	3,303.68
	(g) Other Expenses	711.33	478.32	425.75	2,347.96	1,944.05
	Total Expenses	10,323.58	10,144.89	9,897.60	39,489.97	35,365.82
3	Profit before Tax and Deferred Tax (adjustable) from future tariff	3,557.94	3,210.38	897.72	20,791.51	7,674.70
	{1-2)

• Tax Expenses/ (Credit)

	- Current Tax	0.08	0.01	(921.21)	0.09	0.58
	- Tax Expenses/ (Credit) adjusted relating to earlier years	13.91		(720.86)	13.91	(768.18)
	- Deferred Tax Charge/ (Credit)	806.71	472.41	(3,083.89)	(51.28)	(2,499.77)
	Total Tax Expenses/ (Credit)	820.70	472.42	(4,725.96)	{37.28)	(3,267.37)
5	Deferred Tax (adjustable) from future tariff (Net of Tax)			(381.20)		(215.43)
6	Net Profit (3-4+5)	2,737.24	2,737.96	5,242.48	20,828.79	10,726.64

• Other Comprehensive (Loss)/ Income
  (a) Items that will not be reclassified to Profit or Loss :

	Remeasurement (Loss)/ Gain of defined benefit plans	(14.20)	7.83	16.84	9.29	(5.90)
	Income Tax impact	3.32	(1.95)	(1.86)	(2.33)
	(b) Items that will be reclassified to Profit or Loss
	Net movement on Effective portion of Cash Flow Hedges	(5.91)	(8.33)	28.40	(46.04)	39.64
	Income Tax impact	11.59			11.59
	Total Other Comprehensive (Loss)/ Income (a+b)	(5.20)	(2.45)	43.38	(27.49)	33.74
8	Total Comprehensive Income (after Tax) (6+7)	2,732.04	2,735.51	5,285.86	20,801.30	10,760.38
	Net Income attributable to:
	Equity holders of the parent	2,737.24	2,737.96	5,242.48	20,828.79	10,726.64
	Non - Controlling interest	.	.	.	.	.
	Other Comprehensive (Loss)/ Income attributable to:
	Equity holders of the parent		(5.20)		(2.45)	43.38	(27.49)	33.74
	Non - Controlling interest
	Total Comprehensive Income attributable to:
	Equity holders of the parent	2,732.04	2,735.51	5,285.86	20,801.30	10,760.38
	Non - Controlling interest	.	.	.	.	.
9	Paid up Equity Share Capital (Face Value { 10 per share)	3,856.94	3,856.94	3,856.94	3,856.94	3,856.94
10	Other Equity excluding Revaluation Reserve and Unsecured						31,973.09	12,803.72
	Perpetual Securities
11 Earnings per Share (EPS) (f) (Not annualised)
	(Face Value t 10 per share)#
	Basic 8- Diluted EPS (In {)	6.63	6.61	12.81	51.62	24.57

(Figures below { 50,000 are denominated with •)

alculated on net profit less distribution on unsecured perpetual securities for the period/ year whether declared or otherwise.

,., * C>

adani

Power

ADANI POWER LIMITED
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2024	(? in Crores)
Consolidated Statement of Assets and Liabilities as at 31st March, 2024

Particulars

ASSETS

Non-current Assets

1. Property, Plant and Equipment
2. Capital Work In Progress
3. Investment property
4. Goodwill
5. Other Intangible Assets
6. Financial Assets
7. 1. Investments
   2. Other Financial Assets
8. Deferred Tax Assets (Net)

1. Other Non-current Assets

Total Non-current Assets

Current Assets

1. Inventories
2. Financial Assets
3. 1. Investments
   2. Trade Receivables
   3. Cash and Cash Equivalents
   4. Bank balances other than (iii) above
   5. Loans
   6. Other Financial Assets
4. Other Current Assets

Total Current Assets

Total Assets

EQUITY AND LIABILITIES

EQUITY

1. Equity Share Capital
2. Instrument entirely Equity in nature
3. Other Equity

Equity attributable to equity holders of the parent

1. Non· Controlling Interests

Total Equity

LIABILITIES

Non-current Liabilities

1. Financial Liabilities
2. 1. Borrowings

(ia) Lease Liabilities

1. 1. Other Financial Liabilities
2. Provisions
3. Deferred Tax Liabilities (Net)
4. Other Non-current Liabilities

Total Non-current Liabilities

Current Liabilities

1. Financial Liabilities

(i)	Borrowings
(ia)	Lease Liabilities

1. Trade Payables
2. • total outstanding dues of micro enterprises and small enterprises
   • total outstanding dues of creditors other than micro enterprises and small enterprises
3. Other Financial Liabilities

As at	As at
31st March, 2024	31st March, 2023
(Audited)	(Audited)
62,812.71	50,543.80
925.12	12,879.54
.	704.94
190.61	190.61
12.53	12.03
0.01	42.51
636.20	779.71
376.34	.
1,784.67	1,115.13
66,738.19	66,268.27
4,142.10	3,075.20

373.50611.54

11,677.48 11,529.36

1,136.25349.23

6,075.51

1,524.42

1. 3.19

1. 557.50
   1,742.431,902.56

25,586.58		19,553.00
92,324.77		85,821.27
3,856.94		3,856.94
7,315.00		13,215.00
31,973.09		12,B03.72
43,145.03.		29,875.66.
43,145.03		29,875.66
26.595.01		33,702.60
143.11		88.32
1.07		.

237.45226.95

315,80

6,098.63	4,183.15
33,391.07	38,201.02
7,861.85	8.549.45

1. 9.16

1. 95.76

3.494,37	2,983.69
2,089.80	2.461.58

$:-:		1)irthecovisionsCweot Lia biUties
			'.(c)-,J
�		"--t-6		.,	1)'
	c:r·	(d)
l/!!f-			Cur,r	nt Tax Liabilities (Net)
I ;;,		',J;,	.� '
					)Ct)/

• (Figures b$!i_�,'w'� 50,000 are denominated with•)
  �'t9fDAcc- 0Y

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

2,159.44	3,622.82
25.69	21.64
.	0.49
15,788.67	17,744.59
49,179,74	55,945.61
92,324.77	-85,821.27
foWEfi'
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z	.�., I
6....

adani

Power

			ADANI POWER LIMITED
			AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2024
			Consolidated Statement of Cash flows for the year ended 31st March, 2024							(f in Crores)
			Particulars					For the year ended	For the year ended
							31st March, 2024	31st March, 2023
										(Audited)		(Audited)
		I (A}	Cash flows from operating activities	20,791.51	7,674.70
					Profit before tax
					Adjustments to reconcile profit before tax to net cash flows:
					Depreciation and Amortisation Expenses	3,931.33	3,303.68
					Unrealised Foreign Exchange Fluctuation (Gain)/ Loss (Net)	(2.49)	101.61
					Income from Mutual Funds	(42,92)	(13.10)
					Loss on Sale/ Retirement/ write off of Property, Plant and Equipment (including	78,35	85,65
					Capital Work In Progress) (Net)
					Amortised Government Grant Income	(391.67)	(304,06)
					Liability no longer required written back	(92.20)	(41.37)
					Gain on sale of Investment	(232.90)	(694.45)
					Finance Costs	3,388.09	3,333.50
					Interest income	(8,921.11)	(3,607.19)
					Stores and Spares provided for	(0.40)	12.13
					Bad debts and sundry balance written off	7,53	8,68
					Advances provided for	164,53	-
					Operating profit before working capital changes			18,677.65	9,859.78
					Changes in working capital:
					(Increase) in Inventories	(1,066.50)	(829.06)
					(Increase) in Trade Receivables	(1.738.44)	(2,995.25)
					(Increase) in Other Financial Assets	(122,33)	(51.20)
					Decrease/ (Increase) in Other Assets	1.43	(233.11)
					Increase/ (Decrease) in Trade Payables	615.62	(423.16)
					(Decrease)/ Increase in Other Financial Liabilities	(601.34)	414.57
					(Decrease)/ Increase in Other Liabilities and Provisions	(1,538.52)	2,766.61
					Cash flows from operating activities			(4,450.08)	(1,350.60)
							14,227.57	8,509.18
					Less : Income tax (Paid)/ Tax deducted at sources (Net of Refund)	(57.42)	(78,65)
			Net cash flows from operating activities (A)		14,170.15	8,430.53
			(B)	Cash flows from investing activities
					Capital expenditure on payment towards Property, Plant and Equipment, including	(2,602.45)	(3,243.68)
					capital advances and capital work in progress and intangible assets
					Proceeds from Sale of Property, Plant and Equipment	0.56	0.83
					Proceeds from Sale of/ (Payment towards) investment in Optionally Convertible	125.38	(42.50)
					Cumulative Debenture
					-
					(Payment towards) acquisition of subsidiaries	(727.16)
					(Payment towards) acquisition of business	(2.58)
					Proceeds from sale of/ (Payment towards) purchase of Current investments (Net)	280.96	(415.20)
					Proceeds from disposal of subsidiaries	536,22	988,90
					Fixed/ Margin Money Deposits (placed)/ withdrawn (Net)	(4,544.82)	151.07
					Proceeds from Loans given to related party	375.57	4.83
					Interest received (including carrying cost and late payment surcharge from	9,316.19	4,827.34
					customers)
			Net cash flows from investing activities (B)
			3,485.03	1,544.43
			(C)	Cash flows from financing activities
					(Payment towards) principal portion of lease liabilities	(0.47)	(5,83)
					Proceeds from Non-current borrowings	22,671.61	21.205.41
					(Repayment) of Non-current borrowings	(30.597,95)	(26,948.43)
					Proceeds/ (Repayment) of Current borrowings (net)	1,896.53	(1,200.05)
					Proceeds from issue of Unsecured Perpetual Securities	129.04	566.49
					(Repayment) towards redemption of Unsecured Perpetual Securities	(5,900.00)
					(Distribution) to holders of Unsecured Perpetual Securities	(1,631.93)	(661.17)
					Finance Costs Paid (Including interest on lease obligations)	(3.430,86)	(3,364.88)
t		Net cash (used in) financing activities (C)	(16,864.03)	(10,408.46)
	Net Increase I (Decrease) in cash and cash equivalents (A)+(B)+(C)	791.15	(433.50)
			(Reduction) L Addition on disposal / acquisition of subsidiaries	(2,71)	0.36
	1,	1;it(iQOO��(!�change difference on cash and cash equivalents	(1.42)
:r.,			1,ashand cash-equivalents at the beginning of the year	349,23	782,37
				e;�	I	;(,- I
<,	,				. .	1,136.25	349.23
:' *			,Cash and_cash'··equivalents at the end of the year
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