IL&FS Investment Managers Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	190.75	131.46	101.1	119.78	77.9	78.64
Depreciation & Amortization	2.07	2.48	2.48	1.91	2.11	3.1
Loss (Gain) From Sale of Assets	-0.21	-0.53	-0.03	-0.73	-0.05	-0.07
Loss (Gain) From Sale of Investments	-51.93	-20.02	-18.27	-25.57	-11.5	-21.16
Provision & Write-off of Bad Debts	-28.15	-28.58	73.99	55.56	-66.21	51.34
Other Operating Activities	-157.16	-145.62	-66.38	-97.04	2.58	24.92
Change in Accounts Receivable	37.58	95.87	-103.32	-134.05	94.57	-42.68
Change in Accounts Payable	7.75	-19.96	-11.6	23.85	-3.63	-2.7
Change in Other Net Operating Assets	-77.02	-104.07	-39	51.52	-31.43	15.99
Operating Cash Flow	-76.32	-88.97	-61.03	-4.77	64.34	107.39
Operating Cash Flow Growth	-	-	-	-	-40.09%	-
Capital Expenditures	-1.14	-1.77	-3.27	-2.99	-0.66	-2.2
Sale of Property, Plant & Equipment	0.5	0.58	0.03	0.66	0.05	0.25
Investment in Securities	223.66	118.51	217.95	-410.12	-195.87	-121.92
Other Investing Activities	76.77	77.2	68.76	50.73	44.93	66.3
Investing Cash Flow	299.79	194.52	283.47	-361.72	-151.56	-57.58
Common Dividends Paid	-98.32	-219.82	-277.21	-160.95	-94.21	-188.42
Financing Cash Flow	-98.32	-219.82	-277.21	-160.95	-94.21	-188.42
Foreign Exchange Rate Adjustments	44.03	11.97	12.05	69.34	29.88	-24.8
Net Cash Flow	169.18	-102.31	-42.72	-458.11	-151.56	-163.4
Free Cash Flow	-77.46	-90.74	-64.31	-7.76	63.67	105.19
Free Cash Flow Growth	-	-	-	-	-39.47%	-
Free Cash Flow Margin	-17.03%	-20.54%	-9.72%	-1.03%	12.76%	18.99%
Free Cash Flow Per Share	-0.24	-0.29	-0.20	-0.03	0.20	0.34
Cash Income Tax Paid	41.93	41.93	22.33	109.48	22.86	-40.64
Levered Free Cash Flow	105.83	58.79	33.19	34.21	103.48	128.96
Unlevered Free Cash Flow	105.83	58.79	33.19	34.21	103.48	128.96
Change in Working Capital	-31.69	-28.16	-153.91	-58.68	59.51	-29.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.