Balmer Lawrie & Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,660	2,398	1,719	1,376	1,203
Depreciation & Amortization	594.49	584.98	560.68	558.03	540.54
Other Amortization	8.22	6.64	7.27	7.47	9.69
Loss (Gain) From Sale of Assets	-7.22	7	-16.89	-44.92	-1.02
Asset Writedown & Restructuring Costs	43.95	-16.04	2.39	0.62	14.6
Loss (Gain) From Sale of Investments	-	-	-	-	-4.92
Provision & Write-off of Bad Debts	15.71	-30.54	5.39	8.03	-124.81
Other Operating Activities	-770.4	-15.06	-590.85	-606.63	-398.17
Change in Accounts Receivable	-532.6	-631.57	-466.87	-276.63	-17.56
Change in Inventory	4.29	112.69	-35.97	-403.12	-150.24
Change in Accounts Payable	-163.33	106.13	313.36	14.45	498.79
Change in Other Net Operating Assets	-290.86	220.39	580.73	-610.1	865.67
Operating Cash Flow	1,562	2,742	2,078	23.04	2,436
Operating Cash Flow Growth	-43.05%	31.98%	8916.91%	-99.05%	29.15%
Capital Expenditures	-678.82	-525.88	-523.62	-229.9	-437.95
Sale of Property, Plant & Equipment	20.03	4.09	24.16	51.55	4.69
Investment in Securities	567.77	-866.72	-190.52	1,282	-661.61
Other Investing Activities	318.6	336.18	207.15	265.74	290.36
Investing Cash Flow	227.58	-1,052	-482.83	1,370	-804.51
Long-Term Debt Repaid	-172.08	-281.18	-180.85	-112.49	-88.46
Total Debt Repaid	-172.08	-281.18	-180.85	-112.49	-88.46
Net Debt Issued (Repaid)	-172.08	-281.18	-180.85	-112.49	-88.46
Common Dividends Paid	-1,449	-1,282	-1,110	-1,023	-1,278
Other Financing Activities	-265.25	-220.5	-179.4	-135.89	-119.16
Financing Cash Flow	-1,886	-1,783	-1,471	-1,272	-1,486
Net Cash Flow	-96.96	-93.46	124.2	121	145.8
Free Cash Flow	883.01	2,216	1,554	-206.86	1,998
Free Cash Flow Growth	-60.16%	42.61%	-	-	42.29%
Free Cash Flow Margin	3.51%	9.47%	6.69%	-1.01%	13.07%
Free Cash Flow Per Share	5.16	12.96	9.09	-1.21	11.68
Cash Interest Paid	172.43	153.43	128.43	122.06	110.21
Cash Income Tax Paid	940.79	634.02	483.43	456.3	250.94
Levered Free Cash Flow	-231.72	1,524	1,124	-544.13	1,419
Unlevered Free Cash Flow	-123.95	1,619	1,204	-467.84	1,488
Change in Working Capital	-982.5	-192.35	391.26	-1,275	1,197

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.