Balmer Lawrie & Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	2,766	2,660	2,398	1,719	1,376
Depreciation & Amortization	760.8	594.49	584.98	560.68	558.03
Other Amortization	-	8.22	6.64	7.27	7.47
Loss (Gain) From Sale of Assets	1.84	-7.22	7	-16.89	-44.92
Asset Writedown & Restructuring Costs	91.83	43.95	-16.04	2.39	0.62
Provision & Write-off of Bad Debts	13.03	15.71	-30.54	5.39	8.03
Other Operating Activities	-613.81	-770.4	-15.06	-590.85	-606.63
Change in Accounts Receivable	-575.65	-532.6	-631.57	-466.87	-276.63
Change in Inventory	235.61	4.29	112.69	-35.97	-403.12
Change in Accounts Payable	470.14	-163.33	106.13	313.36	14.45
Change in Other Net Operating Assets	-257.69	-290.86	220.39	580.73	-610.1
Operating Cash Flow	2,892	1,562	2,742	2,078	23.04
Operating Cash Flow Growth	85.18%	-43.05%	31.98%	8916.91%	-99.05%
Capital Expenditures	-637.63	-678.82	-525.88	-523.62	-229.9
Sale of Property, Plant & Equipment	-	20.03	4.09	24.16	51.55
Investment in Securities	-27.46	567.77	-866.72	-190.52	1,282
Other Investing Activities	289.45	318.6	336.18	207.15	265.74
Investing Cash Flow	-375.64	227.58	-1,052	-482.83	1,370
Long-Term Debt Repaid	-249.82	-172.08	-281.18	-180.85	-112.49
Total Debt Repaid	-249.82	-172.08	-281.18	-180.85	-112.49
Net Debt Issued (Repaid)	-249.82	-172.08	-281.18	-180.85	-112.49
Common Dividends Paid	-2,109	-1,449	-1,282	-1,110	-1,023
Other Financing Activities	-231	-265.25	-220.5	-179.4	-135.89
Financing Cash Flow	-2,590	-1,886	-1,783	-1,471	-1,272
Net Cash Flow	-73.1	-96.96	-93.46	124.2	121
Free Cash Flow	2,254	883.01	2,216	1,554	-206.86
Free Cash Flow Growth	155.32%	-60.16%	42.61%	-	-
Free Cash Flow Margin	8.30%	3.51%	9.47%	6.69%	-1.01%
Free Cash Flow Per Share	13.19	5.16	12.96	9.09	-1.21
Cash Interest Paid	231	172.43	153.43	128.43	122.06
Cash Income Tax Paid	877.36	940.79	634.02	483.43	456.3
Levered Free Cash Flow	1,507	-231.72	1,524	1,124	-544.13
Unlevered Free Cash Flow	1,716	-123.95	1,619	1,204	-467.84
Change in Working Capital	-127.59	-982.5	-192.35	391.26	-1,275

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