Maruti Suzuki India 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	145,002	134,882	82,637	38,795	43,891
Depreciation & Amortization	55,674	52,370	48,371	27,871	30,341
Other Amortization	408	188	89	19	-
Loss (Gain) From Sale of Assets	673	1,000	271	458	590
Loss (Gain) From Sale of Investments	-45,289	-36,906	-19,088	-15,671	-28,124
Loss (Gain) on Equity Investments	-2,531	-2,602	-1,834	-1,648	-1,722
Other Operating Activities	11,210	1,862	-1,328	-3,288	221
Change in Accounts Receivable	-19,692	-13,164	-12,703	-7,640	6,965
Change in Inventory	-15,951	1,254	-10,497	-4,833	1,649
Change in Accounts Payable	35,093	33,214	24,910	-3,959	26,801
Change in Other Net Operating Assets	-3,235	-4,087	-2,682	-11,699	7,950
Operating Cash Flow	161,362	168,011	108,146	18,405	88,562
Operating Cash Flow Growth	-3.96%	55.36%	487.59%	-79.22%	153.34%
Capital Expenditures	-102,503	-89,162	-78,341	-32,063	-21,320
Sale of Property, Plant & Equipment	375	446	1,087	1,360	420
Cash Acquisitions	-	-	-	-	-218
Sale (Purchase) of Intangibles	-3,903	-2,837	-2,307	-2,530	-2,383
Investment in Securities	-43,061	-30,878	-11,832	29,067	-50,114
Other Investing Activities	4,531	3,783	3,188	1,774	702
Investing Cash Flow	-144,561	-118,648	-88,205	-2,392	-72,913
Long-Term Debt Issued	-	-	8,312	-	3,803
Total Debt Issued	-	-	8,312	-	3,803
Short-Term Debt Repaid	-331	-11,827	-	-	-
Long-Term Debt Repaid	-253	-134	-468	-1,178	-111
Total Debt Repaid	-584	-11,961	-468	-1,178	-111
Net Debt Issued (Repaid)	-584	-11,961	7,844	-1,178	3,692
Common Dividends Paid	-39,300	-27,187	-18,125	-13,594	-18,125
Other Financing Activities	-1,667	-1,472	-1,858	-1,298	-1,016
Financing Cash Flow	-41,551	-40,620	-12,139	-16,070	-15,449
Net Cash Flow	-24,750	8,743	7,802	-57	200
Free Cash Flow	58,859	78,849	29,805	-13,658	67,242
Free Cash Flow Growth	-25.35%	164.55%	-	-	2133.21%
Free Cash Flow Margin	3.85%	5.56%	2.52%	-1.55%	9.55%
Free Cash Flow Per Share	187.21	250.79	94.80	-45.21	222.60
Cash Interest Paid	1,667	1,472	1,858	1,298	1,016
Cash Income Tax Paid	38,068	35,971	22,647	11,783	10,113
Levered Free Cash Flow	41,442	67,055	47,961	-9,932	72,259
Unlevered Free Cash Flow	42,655	68,265	49,538	-9,140	72,784
Change in Working Capital	-3,785	17,217	-972	-28,131	43,365

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