Master Trust 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	1,182	1,312	1,081	658.87	551.75	343.71
Depreciation & Amortization, Total	39.48	37.38	35.95	26.23	19.7	13.15
Gain (Loss) On Sale of Investments	-216.75	-183.15	-18.22	-46.31	-204.55	-62.8
Change in Accounts Receivable	-511.43	-355.83	-753.66	61.04	102.12	-307.9
Change in Accounts Payable	-297.22	-999.12	3,664	646.7	2,012	2,037
Change in Other Net Operating Assets	-705.47	-205.97	547.4	284.83	-2,442	-2,332
Other Operating Activities	7.95	-17.55	80.34	-9.33	2	15.61
Operating Cash Flow	-480.81	-370.81	4,579	1,768	-153.36	-244.82
Capital Expenditures	-33.15	-34.85	-50.74	-46.76	-39.68	-16.3
Investment in Securities	-26.39	-0.69	-0.21	70.52	98.16	125.64
Other Investing Activities	-114.56	569.74	-4,876	-1,665	-	-
Investing Cash Flow	-174.03	537.27	-4,926	-1,640	59.9	117.15
Other Financing Activities	564.45	183.75	249.38	-	-	-
Financing Cash Flow	564.45	183.75	249.38	-	-	-
Net Cash Flow	-90.39	350.21	-97.88	128.57	-93.46	-127.67
Free Cash Flow	-513.96	-405.66	4,528	1,721	-193.04	-261.12
Free Cash Flow Growth	-	-	163.04%	-	-	-
Free Cash Flow Margin	-10.86%	-7.67%	100.81%	55.52%	-6.49%	-12.66%
Free Cash Flow Per Share	-4.40	-3.46	40.99	15.83	-1.77	-2.40
Cash Interest Paid	31.57	31.57	38.23	7.87	10.59	6.08
Cash Income Tax Paid	448.07	492.67	329.43	198.18	165.74	61.14

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