TATA MOTORS

Balance Sheet
"
Notes Asat
March 31, 2023
 Asat
March 31, 2022
I. ASSETS 11
(1) NON-CURRENTASSETS 28
taJ Property, plant and equipment 13
(b) C ta! ork n o ress 15(b)
(c) Right of use assets 8
(d) Other intanqible assets 1ó 18 (b)
(e) Intanqible assefs under development I9 10
(I) Investments in subsidiaries, joint ventures and associates 12
(q) Financial assets (i› Investments 14
(ii) Loans and advances 20
(iii) Other financial assets
(h) Deferred tax assets (net)
(i) Non-current tax assets (net)
(i) Other non-current assets
(2) CURRENTASSETS
tab Inventories
(b) Financial assefs
(i) Investments
(ii› Trade receivables
(iii) Cash and cash equivalents
(iv) Bank balances other than (iii) above
(v) Loans and advances
(vi) Other tinancial ossets
(c) Other current assets
TOTAL ASSETS
II. EQUITY AND LIABILITIES EQUITY
(a) Equity share capital
(b) Other equity
11,707.87
575.65 585.21
421.27 352.45
2,413.18 2,009.87
509.30 882.03
27,976.80 27,917.45
1,204.82 1,558.94
114.40 48.43
2,405.23 1,992.52
1,477.26
868.22 777.68
596.B2 662.24
50,270.82 48,280.26
3,027.90 5718.49
3,142.96 5,14108
2,307.72 2,111.78
1,121.43 2,450.23
293.22 155.20
132.29 159.57
255.25 809.51
1,219.18 1,091.95
11,499.95 15,619.61
61,770.77 63,899.87
766.02 765.88
21,703.83 19,178.27
LIABILITIES
1 ON-CURRENT LIABILITIES
had F-inancial liabilities
22,469.85 19,944.15
(i) Borrowings
(ii) Lease liabilities
(iii) Other tinancial liabilities
22 10445.70 14,102.74
305.26 237.84
25 460.37
(b) Provisions 27 (b)
(c) Deferred tax liabilities (net) 28
1,588.75 1,474.11
51.16 173.72
(d) Other non-current liabilities
29 692.08 514.11
(2) CURRENT LIABILITIES
(a) Financial liabilities
(i) Borrowings
(ii) Lease liabilities
iii) Tradepoyobles
(a) Total outstonding dues of micro and small enterprises
 13,497.39 16,962.91
23 8,426.74 9,129.91
100.99 58.58
24
114.67 146.10
(b) Total outstanding dues of creditors other than micro and small enterprises 5,956.00
(iv) Acceptances
(v) Other financial liabilities
 5,839.39 7,883.96
2ó 1,300.18 1,113.26
fb) Provisions 27 (c)
(c) Current box liabilities (net)
(d) Other current liabilities 30
 408.89 608.06
53.66 49.67
2,511.08 2,047.27
25,803.53 26,992.81
TOTAL EQUITY AND LIABILITIES
61,770.77 63,899.87
See accompanying notes to financial statements For and on behalf of the Board
ea In terms of our report attached N CHANDRASEKARAN ÍDIN. 00I2I8ó3)
For B S R & Co. LLP Chairman
Chartered Accountants GIRISH WAGH (DIN. 03ll93ól)
Firm's Registration No: 101248W/W-100022 Executive Director
SHIRAZ VASTANI
Partner
Membership No. 103334 UDIN: 23103334BGY/v\RRó797
Place: Mumbai
Dote: May 12, 2023
P B BALAJI
Group Chief Financial Officer
MALOY KUMAR GUPTA ÍACS. 24123)
Company Secretary
Place: Mumboi Date: /V\ay 12, 2023
1-141 142-384 585-551
INTEGRATED REPORT STATUTORY REPORTS FINAFICIAL STATEfIEfITS
Statement of Profit and Loss
 Notes
REVENUE FROM OPERATIONS
\J
t hen peratinq revenue
i Total revenue trom operations
il. Uther Income
659.91
 Year ended Year ended
March 31, 2023 Narch ZI, 2022
 fî
'* Exp' s 's s t ot materia|s consumecl

tD; F'urchases of products for sale

(cl changes in inventories of finished goods. work-in-progress and products for sale
tÖJ Emeioyee benefits expense
(e) Fnancecosts
ttc roreiqn exchange loss (net)
UP du d elo ment/Engin reng enpenses
tu Other exDenses
; t jmourntAt ansferred to capital and other accounts
V Profit/(tosd before exceptioælitems and tax(III-IV}
t › E i seporation cost 1.56
(b) Cost of slump sale of PV undertaking
to/investment in/cost of closure of subsidiary companies 4.55 ton F'rovision tor Intangible assets
27R91
iV Pr re ax(V-VI) 1,254.80
vue ex et e ox (nets
28
 e
X Pr i he gear from continuing operations (VII-VIII)
ntinued operations
XÏ tttDe dxst n hnued rat n
XII Profit for the year after tax from discontinued operations (X-XI)
 4S.14
45
XIII Profit/(loss) for the year (IX+XII) 2,728.13 1,39
XIV Other comprehensive incarne/(foss):
(AJ (il Items that will not be reclossified to profit and loss:
(a) Remeasurement losses on defined benefit obligations (net)
(b) Equity instruments ot fair value through other comprehensive income
(ii) Income tax credit/(expense) relating to items thot will not be reclassified to profit and loss
(B) (i) Items that will be reclassified to profit and loss - gains/(losses) in cash flow hedges
( ) d t/( items that will be reclassified to profit ond loss
XV Tot î h nsive incarne/(loss) for the bear (XIII+XIV)
V Ear n per share(EPS) 38
Earnings/(toss} per share from continuing operations(EPS)
(B) ’ u rh sh res (face'u lue o2T 2eoch) :
(4.
!(!) 54)
BiIuted
'’'’(EPS’
O n bhahes (f bed Iue'of T 2
each’
(i) Basic 0.g0
(ii) Diluted 0.90
(B) A’ Orderly shares (foce value of T 2 each) :
(ii) Diluted
end ntinued operations(EPS)
ar n Rhahes (f’/’evaIue ong 2 :
Du
(B) ’A’ Ordi ry shares (face value of T 2 eoch) :
See accompanying notes to finoncial statements For and on behalf of the Board
In terms of our report attached N CHANDRASEKARAN (DIN. OOI2I863)
For B S R & Co. LLP Chairmon
Chortered Accountonts ISIRISH WAGH (DIN. O3II936II
Firm's Registration No: J0I248W/W-100022 Executive Director
SHIRAZ VASTANI
Partner
Membership No. JO3334 UDIN: 23t03334BGYMPR6797
Place: Mumbai
Date: Moy J2, 2023

I(!) Diluted
P B BALAJI
Group Chief Financial Officer
MALOY KUI 1AR GUPTA (ACS. 24123)
Company Secretary
Place: Mumbai Date: Moy J2, 2023
TATA MOTORS
Cash Flow Statement
Year ended March
31, 2023
Year ended March
31, 2022
Cash flows from operating activities:
Profit/(Loss) for the year from continuing operations Profit for the year from discontinued operations Adjustments for:
Depreciation and amortisation expense Allowances for trade and other receivables Discounting of warranty and other
provisions Inventory write down (net)
Provision for Intangible assets under development
Provision/(reversal) for loan given to/investment and cost of closure in subsidiary companies/joint
venture (net)
Accrual for share-based payments
Profit on sale of assets (net) (including assets scrapped / written off) Profit on sale of investments at FVTPL (net)
Marked-to-market gain on investments measured at FVTPL
2,728.13 (1,739.23)
1,766.86 348.37
105.12 2,724.93
(128.53) Z2.21 276.91
42.71
4.55 25.25
20.46 (699.15)
(88.47) 18.04
(71.82) (70.95)
6.81( (109.82)
) 1o.16( )
Tax expense/(credit) (net)
1,47333( ) 143.62
Finance costs
2,047.51 2,600.75
Interest income
Dividend income
245.42( ) (32159)
187.52( )
80.08( )
Unrealized foreign exchange loss (net)
 250.40 112.69
2,282.12 4,073.92
Cash flows from operating activities before changes in fa\bowing assets and liabilities 5,010.25 2,68506
Trade receivables
Loans and advances and other financial assets Other current and non-current assets Inventories
Trade payables and acceptances Other current and non-current liabilities Other financial liabilities
Provisions
Cash generated from/(used in) operations Income taxes paid (net)
Net cash from/(used in) operating activities
Cash flows from investing activities:
Payments for property, plant and equipments Payments for other intangible assets
Proceeds from sale of property, plant and equipments Investments in Mutual Fund (purchased)/sold (net) Investments in
subsidiary companies
Proceeds from sale of defence business
Loan given to subsidiary companies/payment for costs of closure in subsidiary companies Return of Investment by
subsidiary company
(Increase)/decrease in short term inter corporate deposit (net)
(306.46) (1,015.62)
126.28 (245.40)
(98.21) (240.50)
658.37 (1,201.08)
(957.24) 5,285.19
620.22 (56.72)
(88.17) 289.73
(21.46) (60.79)
4,943.58 5,437.87
(168.15) (155.94)
4,775.43 5,281.93
(761.29) (1,191.03)
(936.07) (639.64)
122.70 99.57
2,078.75 (3,560.47)
(191.18) (870.91)
(45.00) 234.09
131.83 (51.10)
(15.00) 30.00
w
1-141 142-384 385-5fi1
INTEGRATED REPORT STATUTORY REPORTS FIfIAfICIAL STATEfIEfITS
Cash Flow Statement
 Year ended March
31, 2023
Deposits/restricted deposits with financial institution (500.00)
Realisation of deposits with financial institution 800.00
Deposits/restricted deposits with banks (276.64)
Realisation of deposits/restricted deposits with banks 141.78
Interest received 185.27
Dividend received 187.52
Net cash generated from/(used in) investing activities 922.67
Cash flows from financing activities
Proceeds from issue of shares and share application pending allotment tnet of issue expenses) 19.60
Proceeds from long-term borrowings 8.99
Repayment of long-term borrowings (4,808.33)
Proceeds/(payment) from Option Settlement of long term borrowings (106.51)
Proceeds from short-term borrowings 52.35
Repayment of short-ferm borrowings (937.10)
Net change in other short-term borrowings (with maturity up fo three months) 825.77
Repayment of lease liabilities (including interest) (68.33)
Dividend paid
Interest paid [including discounting charges paid, Z425.37 crores March 31, 2022 ¢492.62 crores)J (2,007.76)
Net cash from/(used in) financing activities (7,021.32)
Net increase/(decrease)in cash and cash equivalents (1,323.22)
Cash and cash equivalents as at April I, (opening balance) 2,450.23
Cash outflow asa port of slump sale of PV undertaking (refer note 45)
Adjustment due to conversion of joint operation into joint venture
Effect of foreign exchange on cash and cash equivalents (5.58)
Cash and cash equiva\ents as at March 31, (closing balance) 1,121.43

Non-cash transactions:
Liability towards property, plant and equipment and other intangible assets purchased on credit/ deferred credit
317.14
 (7 in crores)
Year ended March
31, 2022
(600.00)
1,300.00
(540.87)
2,259.30
301.49
80.08
(3,149.49)

18.61
1,999.79
(3,482.07)
(97.77)
5,137.27
(4,936.80)
3,270.78
(151.63)
(1.53)
(2,272.49)
(515.84)
1,616.60
2,365.54
(1,200.00)
(341.21)
9.30
2,450.23

185.40
In terms of our report attached For and on behalf of the Board
For B S R & Co. LLP Chartered Accountants N CHANDRASEKARAN (DIN. 00121863)
Firm’s Registration No: \0I248W/W-100022 Chairman
SHIRAZ VASTANI GIRISH WAGH (DIN. O3II936IJ
Partner Executive Director
Membership No. 103334 UDIN: 23I03334BGYMRR6797
Place: Mumbai Date: day 12, 2023
P B BALAJI
Group Chief Financial Officer
MALOY KUMAR GUPTA (ACS. 24123)
Company Secretary
Place: Mumbai Date: day 12.2023