Mercantile Ventures 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	162.26	-79.83	159.42	114.98	113.32
Depreciation & Amortization	9.33	9.89	9.82	9.9	10.14
Gain (Loss) on Sale of Assets	-80.22	-17.04	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-0.67	-0.4
Income (Loss) on Equity Investments	-	-163.01	81.56	21.18	-
Change in Accounts Receivable	-33.35	-35.93	-14	-5.74	10.66
Change in Accounts Payable	1.81	4.76	-4.63	2.64	-4.07
Change in Other Net Operating Assets	27.93	4.42	-65.27	-428.12	10.2
Other Operating Activities	-426.7	424.3	-387.96	175.52	106.62
Operating Cash Flow	-328.06	392.43	-137.44	-61.4	227.17
Acquisition of Real Estate Assets	-49.58	-8.85	-0.51	-1.79	-1.32
Net Sale / Acq. of Real Estate Assets	-49.58	-8.85	-0.51	-1.79	-1.32
Investment in Marketable & Equity Securities	-401.75	258.67	-325.19	-575.53	-172.08
Other Investing Activities	232.17	56.04	65.93	502.9	68.86
Investing Cash Flow	-182.81	172.32	91.6	-100.25	-126.22
Short-Term Debt Issued	-	-	40	-	-
Long-Term Debt Issued	2.38	-	-	-	-
Total Debt Issued	2.38	-	40	-	-
Short-Term Debt Repaid	-	-40	-	-	-
Long-Term Debt Repaid	-	-5.71	-	-	-
Total Debt Repaid	-	-45.71	-	-	-
Net Debt Issued (Repaid)	2.38	-45.71	40	-	-
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Cash Flow	-508.5	519.05	-5.84	-161.64	100.95
Cash Income Tax Paid	36.94	20.53	24.51	26.59	30.78
Levered Free Cash Flow	76.35	59.54	346.3	-437.45	36.93
Unlevered Free Cash Flow	77.62	67.88	353.04	-430.71	43.13
Change in Working Capital	-3.63	36.51	-7.09	-431.28	16.94

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