Northern Spirits 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	271.42	229.7	165.73	111.34	60.03
Depreciation & Amortization	6.04	2.96	2.32	2.29	1.23
Other Operating Activities	242.57	240.75	148.46	115.6	69.62
Change in Accounts Receivable	-199.17	-248.72	-356.61	-436.48	-165.39
Change in Inventory	-418.26	-231.54	-84.85	-109.29	-34.48
Change in Accounts Payable	220.3	-1.72	-32.35	-19.85	-10.86
Change in Other Net Operating Assets	-48.28	-58.83	-78.12	114.13	81.23
Operating Cash Flow	74.61	-67.42	-235.43	-222.26	1.38
Capital Expenditures	-5.05	-12.79	-3.19	-3.31	-2.97
Investing Cash Flow	-5.05	-12.79	-3.19	-3.31	-2.97
Long-Term Debt Issued	377.08	335.41	426.76	1,116	24.53
Net Debt Issued (Repaid)	377.08	335.41	426.76	1,116	24.53
Common Dividends Paid	-4.82	-4.01	-	-	-
Other Financing Activities	-150.44	-161.85	-91.23	-77.77	-49.98
Financing Cash Flow	221.83	169.55	335.53	1,039	-25.45
Miscellaneous Cash Flow Adjustments	0	-	-	-	0
Net Cash Flow	291.39	89.34	96.92	812.95	-27.03
Free Cash Flow	69.57	-80.21	-238.61	-225.57	-1.59
Free Cash Flow Margin	0.30%	-0.41%	-1.93%	-2.49%	-0.06%
Free Cash Flow Per Share	4.32	-5.00	-14.87	-14.05	-0.10
Cash Interest Paid	150.44	161.85	91.23	77.77	49.98
Cash Income Tax Paid	-1.32	-	-	-	-
Levered Free Cash Flow	115.69	-368.79	-451.76	-391.29	-62.72
Unlevered Free Cash Flow	209.72	-270.81	-397.54	-346.17	-32.99
Change in Working Capital	-445.42	-540.82	-551.93	-451.49	-129.5