TCI Express 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	858.1	1,317	1,393	1,288	1,006
Depreciation & Amortization	209.9	186.4	150.9	96.6	85.5
Other Amortization	8.8	5.6	4.7	3.7	4.6
Loss (Gain) From Sale of Assets	-20.4	1.4	4.2	0.8	-12.9
Loss (Gain) From Sale of Investments	-	-7.6	-2.4	-0.5	1.1
Stock-Based Compensation	31.8	39.3	35	32.9	17.8
Provision & Write-off of Bad Debts	-2	-2.2	-2.9	-1.2	-5
Other Operating Activities	21.6	-5.7	-7.5	-39	1.2
Change in Accounts Receivable	60.7	-200.7	-216.4	-199.5	-32
Change in Accounts Payable	50.4	32.9	146.9	-14.6	132.3
Change in Other Net Operating Assets	-34.7	-5.9	-40.2	108	-175.8
Operating Cash Flow	1,184	1,360	1,465	1,276	1,023
Operating Cash Flow Growth	-12.94%	-7.16%	14.86%	24.72%	25.30%
Capital Expenditures	-444	-460.6	-1,063	-804.6	-576.8
Sale of Property, Plant & Equipment	207	2.8	4.5	4.4	23.1
Investment in Securities	-628	-572.7	557.6	-146.8	-438.8
Other Investing Activities	-50	-20	-146.5	44.3	32.4
Investing Cash Flow	-915	-1,051	-647.1	-902.7	-960.1
Short-Term Debt Issued	-	20.3	5.2	-	-
Long-Term Debt Issued	-	-	-	-	1.6
Total Debt Issued	-	20.3	5.2	-	1.6
Short-Term Debt Repaid	-29.6	-	-	-1.9	-9.1
Long-Term Debt Repaid	-	-2	-7.8	-8.1	-11.8
Total Debt Repaid	-29.6	-2	-7.8	-10	-20.9
Net Debt Issued (Repaid)	-29.6	18.3	-2.6	-10	-19.3
Issuance of Common Stock	27.9	21.5	20	19.9	21.7
Repurchase of Common Stock	-	-	-523.8	-	-
Common Dividends Paid	-307	-306.7	-307.6	-307.9	-76.9
Other Financing Activities	-13.2	-10.7	-23.4	-9.1	-7.7
Financing Cash Flow	-321.9	-277.6	-837.4	-307.1	-82.2
Miscellaneous Cash Flow Adjustments	0.1	-	-	-	-
Net Cash Flow	-52.6	32.1	-19.4	65.8	-19.5
Free Cash Flow	740.2	899.6	402.4	471	446
Free Cash Flow Growth	-17.72%	123.56%	-14.56%	5.61%	-10.03%
Free Cash Flow Margin	6.13%	7.17%	3.24%	4.35%	5.28%
Free Cash Flow Per Share	19.24	23.41	10.46	12.23	11.59
Cash Interest Paid	9.8	11.9	15.3	4.9	3
Cash Income Tax Paid	264.8	402.1	429.8	420.8	284.1
Levered Free Cash Flow	570.33	627.64	84.65	81.8	429.86
Unlevered Free Cash Flow	576.45	635.08	94.21	84.86	431.74
Change in Working Capital	76.4	-173.7	-109.7	-106.1	-75.5

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