REDTAPE 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
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
Net Income	1,804	1,700	1,762	1,422	871.2
Depreciation & Amortization	846.7	816.5	592.4	444.4	72.9
Other Amortization	17.8	17.8	-	-	-
Loss (Gain) From Sale of Assets	-6.9	-10.3	1.4	-1.3	9.3
Loss (Gain) From Sale of Investments	-	-	1	-	-
Other Operating Activities	333.7	396.8	250.5	106.1	817.5
Change in Accounts Receivable	-273.4	-228.4	-26.7	-376.9	-216.3
Change in Inventory	-3,129	-4,566	-1,212	-2,463	-1,931
Change in Accounts Payable	-148.2	2,333	-674.5	1,713	572.4
Change in Other Net Operating Assets	-389.6	-416.8	149.1	425.9	1,131
Operating Cash Flow	-939.5	42.4	843.7	1,270	1,327
Operating Cash Flow Growth	-	-94.97%	-33.54%	-4.35%	-
Capital Expenditures	-1,764	-1,709	-1,195	-1,459	-1,477
Sale of Property, Plant & Equipment	624.5	623.2	33.5	130.6	-
Investment in Securities	-8.7	-	4.4	-	-
Other Investing Activities	-157.7	-6.2	1.1	53.3	1.8
Investing Cash Flow	-1,306	-1,092	-1,156	-1,275	-1,475
Short-Term Debt Issued	-	2,156	856.4	330.1	-
Long-Term Debt Issued	-	-	-	191.9	-
Total Debt Issued	3,602	2,156	856.4	522	-
Long-Term Debt Repaid	-	-677.9	-454	-321.9	-
Total Debt Repaid	-705.8	-677.9	-454	-321.9	-396.9
Net Debt Issued (Repaid)	2,896	1,478	402.4	200.1	-396.9
Common Dividends Paid	-275.7	-275.7	-	-	-
Other Financing Activities	-344.4	-215.5	-141.4	-75.8	-119.7
Financing Cash Flow	2,276	986.9	261	124.3	-516.6
Foreign Exchange Rate Adjustments	-13.4	-10.4	-	-	-
Net Cash Flow	17.4	-73.5	-51.4	119.2	-664.5
Free Cash Flow	-2,703	-1,667	-351.4	-189	-149.7
Free Cash Flow Margin	-12.68%	-8.25%	-1.91%	-1.29%	-1.65%
Free Cash Flow Per Share	-4.89	-3.02	-0.64	-0.34	-0.27
Cash Interest Paid	344.4	215.5	141.4	75.8	119.7
Cash Income Tax Paid	696.7	636.3	627.8	460.2	-346.8
Levered Free Cash Flow	-3,643	-2,372	-912.4	276.1	-
Unlevered Free Cash Flow	-3,242	-2,054	-709.21	366.48	-
Change in Working Capital	-3,940	-2,878	-1,764	-701.2	-443.7

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