STEL Holdings 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	2016 - 2020
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	2016 - 2020
Net Income	170.6	158.68	132.73	122.59	146.08	86.55	Upgrade
Depreciation & Amortization	0.49	0.53	0.55	0.47	0.45	0.47	Upgrade
Other Amortization	0.04	0.04	0.12	0.07	-	-	Upgrade
Loss (Gain) From Sale of Investments	-1.99	-	-	-	-	-	Upgrade
Other Operating Activities	24.77	0.57	0	4.08	-0.23	-216.35	Upgrade
Change in Accounts Receivable	-	-	-	-	-	32.32	Upgrade
Change in Accounts Payable	-0.06	0	0.01	-0.04	-0.04	-0.05	Upgrade
Change in Other Net Operating Assets	-23.09	272.02	-13.09	10.81	-0.85	-0.04	Upgrade
Operating Cash Flow	170.77	431.85	120.33	137.98	145.41	-97.09	Upgrade
Operating Cash Flow Growth	-59.38%	258.89%	-12.79%	-5.11%	-	-	Upgrade
Capital Expenditures	-	-0.08	-0.49	-0.11	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-0.26	-	-	Upgrade
Investment in Securities	-174.59	-431.37	-121.43	-140.72	-816.99	719	Upgrade
Other Investing Activities	-	-	-0	-	-	-	Upgrade
Investing Cash Flow	-174.59	-431.44	-121.92	-141.09	-816.99	719	Upgrade
Net Cash Flow	-3.83	0.4	-1.59	-3.11	-671.57	621.91	Upgrade
Free Cash Flow	170.77	431.77	119.84	137.87	145.41	-97.09	Upgrade
Free Cash Flow Growth	-59.37%	260.29%	-13.08%	-5.18%	-	-	Upgrade
Free Cash Flow Margin	72.00%	197.09%	64.91%	80.34%	72.49%	-79.14%	Upgrade
Free Cash Flow Per Share	9.26	23.40	6.49	7.47	7.88	-5.26	Upgrade
Cash Income Tax Paid	34.57	52.86	44.66	37.46	48.48	246.99	Upgrade
Levered Free Cash Flow	-107.81	153.71	98.07	117.56	116.71	105.96	Upgrade
Unlevered Free Cash Flow	-107.81	153.71	98.07	117.56	116.71	105.96	Upgrade
Change in Working Capital	-23.15	272.02	-13.08	10.77	-0.89	32.24	Upgrade

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