VAS Infrastructure 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	3.25	-5.05	-622.59	-470.49	-491.86
Depreciation & Amortization	0.12	0.31	1.17	1.22	2.85
Loss (Gain) From Sale of Assets	-	-	-	-58.25	-0.14
Other Operating Activities	-8.9	-1.2	530.33	491.83	468.76
Change in Accounts Receivable	-	0.05	4.73	0.56	-3.2
Change in Inventory	-	-	10.73	8.69	1.83
Change in Accounts Payable	-0.01	0.3	-4.5	-3.45	-14.76
Change in Other Net Operating Assets	144.03	27.67	-25.31	758.83	111.27
Operating Cash Flow	138.49	22.09	-105.45	728.95	74.75
Operating Cash Flow Growth	527.07%	-	-	875.19%	1979.83%
Sale of Property, Plant & Equipment	-	-	-	79.57	0.51
Investment in Securities	-	0	5.39	-819.93	-0.01
Other Investing Activities	8.9	1.21	0.12	1.8	5.03
Investing Cash Flow	8.9	1.21	5.52	-738.55	5.54
Short-Term Debt Issued	-	0.5	101.71	2.52	-
Total Debt Issued	-	0.5	101.71	2.52	-
Short-Term Debt Repaid	-	-	-	-	-3.72
Long-Term Debt Repaid	-	-	-	-0.45	-53.17
Total Debt Repaid	-	-	-	-0.45	-56.89
Net Debt Issued (Repaid)	-	0.5	101.71	2.07	-56.89
Other Financing Activities	-	-0.01	-0.11	-1.08	-19.7
Financing Cash Flow	-	0.49	101.6	0.99	-76.58
Miscellaneous Cash Flow Adjustments	-0	0	-0	-0	-0
Net Cash Flow	147.39	23.79	1.67	-8.62	3.7
Free Cash Flow	138.49	22.09	-105.45	728.95	74.75
Free Cash Flow Growth	527.07%	-	-	875.19%	1979.83%
Free Cash Flow Margin	1555.40%	-	-	4002.12%	1032.16%
Free Cash Flow Per Share	8.95	1.46	-6.97	48.19	4.94
Cash Interest Paid	-	0.01	530.45	483.12	19.7
Cash Income Tax Paid	-	0.11	-	-	1.57
Levered Free Cash Flow	146.37	24.49	138.2	938.2	248.77
Unlevered Free Cash Flow	146.37	24.5	469.73	1,240	512.63
Change in Working Capital	144.02	28.02	-14.35	764.63	95.14

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