| Y/e 31 Mar( In .Cr) | Mar-2021 | Mar-2020 | Mar-2018 | Mar-2017 | 
|---|---|---|---|---|
| Profit before tax | 268.74 | 264.54 | 242.85 | 181.08 | 
| Depreciation | -33.86 | -32.7 | -10.43 | -7.25 | 
| Tax paid | -68.65 | -62.01 | -84.29 | -63.52 | 
| Working capital | -54.84 | 386.64 | 73.49 | 48.64 | 
| Other operating items | ||||
| Operating | 111.37 | 556.45 | 221.61 | 158.94 | 
| Capital expenditure | -3.15 | 63.74 | 152.48 | -21.74 | 
| Free cash flow | 108.21 | 620.19 | 374.09 | 137.2 | 
| Equity raised | 1,480.84 | 1,006.32 | 695.31 | 482.65 | 
| Investing | 15.68 | 0.44 | 0.43 | 0.57 | 
| Financing | 219.85 | 623.97 | 426.55 | 373.21 | 
| Dividends paid | 70.29 | 0 | 52.18 | 17.37 | 
| Net in cash | 1,894.87 | 2,250.93 | 1,548.57 | 1,011 | 
The company’s revenue from operations increased 9.6% y-o-y to ₹952.7 crore in Q4 FY 25.
The company declared interim dividend of ₹20 per share with face value ₹2. The record date for the same for eligible shareholders is February 14.
The agreement was signed by Diego Graffi, Chairman & MD of Piaggio Vehicles, and Ravi Chawla, MD & CEO of Gulf Oil Lubricants India.








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