Brand Concepts 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	52.33	120.47	97.75	6.3	-62.97
Depreciation & Amortization	128.87	70.21	34.36	8.6	27.29
Other Amortization	0.23	0.53	0.24	16.36	0.7
Loss (Gain) From Sale of Assets	-	1.42	0.39	-	-
Stock-Based Compensation	70.81	21.56	0.11	0.18	0.01
Provision & Write-off of Bad Debts	4.19	3.16	0.03	-	-
Other Operating Activities	109.62	70.07	59.22	52.9	24.19
Change in Accounts Receivable	-181.93	-125.12	-18.95	41.64	74.25
Change in Inventory	-114.86	-231.07	-84.55	-4.78	45.36
Change in Accounts Payable	13.61	-12.23	63.74	23.12	-96.39
Change in Income Taxes	-	-	-	-0.18	-0.16
Change in Other Net Operating Assets	-111.19	53.77	-35.63	-16.56	-18.88
Operating Cash Flow	-28.33	-27.23	116.71	127.58	-6.61
Operating Cash Flow Growth	-	-	-8.52%	-	-
Capital Expenditures	-284.87	-199.49	-47.28	-8.69	-1.85
Sale of Property, Plant & Equipment	-	1.93	-	-	0.41
Investment in Securities	-	-	-2.34	-2.11	-0.29
Other Investing Activities	3.96	2.73	-39.17	-40.67	21.26
Investing Cash Flow	-276.15	-194.83	-88.78	-51.47	19.53
Long-Term Debt Issued	465.01	177.38	17.37	21.11	57.16
Long-Term Debt Repaid	-90.47	-48.72	-	-48.2	-17.51
Net Debt Issued (Repaid)	374.54	128.66	17.37	-27.1	39.65
Issuance of Common Stock	12.68	155.86	-	-	-
Common Dividends Paid	-	-5.29	-5.29	-	-
Other Financing Activities	-85.23	-58.34	-38.04	-48.13	-55.86
Financing Cash Flow	302	220.88	-25.96	-75.22	-16.21
Miscellaneous Cash Flow Adjustments	-	0.18	-	-	-
Net Cash Flow	-2.48	-1	1.97	0.89	-3.29
Free Cash Flow	-313.2	-226.72	69.43	118.9	-8.46
Free Cash Flow Growth	-	-	-41.60%	-	-
Free Cash Flow Margin	-10.73%	-7.81%	4.25%	13.80%	-1.98%
Free Cash Flow Per Share	-24.70	-18.32	6.52	11.19	-0.80
Cash Interest Paid	85.22	58.35	38.04	48.13	55.86
Cash Income Tax Paid	28.72	51.91	23.23	1.72	-
Levered Free Cash Flow	-383.3	-411.4	5.23	42.97	-25.32
Unlevered Free Cash Flow	-316.08	-379	24.95	71.05	5.11
Change in Working Capital	-394.37	-314.64	-75.38	43.25	4.18

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.