Ola Electric Mobility 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	-22,760	-15,840	-14,721	-7,842	-1,992
Depreciation & Amortization	4,210	2,750	1,246	300.7	93.3
Other Amortization	1,450	830	424.88	189.1	102.9
Loss (Gain) From Sale of Assets	40	20	1.57	2.1	68.8
Asset Writedown & Restructuring Costs	200	-	-	298.4	-
Loss (Gain) From Sale of Investments	10	-100	-214.77	-232.71	-76.2
Stock-Based Compensation	350	890	1,101	195.37	427.5
Provision & Write-off of Bad Debts	-	-	-	7.5	-
Other Operating Activities	660	610	171.5	-434.98	-1,007
Change in Accounts Receivable	1,490	-740	-690.34	-148.4	-3.6
Change in Inventory	-900	-930	-2,997	-2,811	-32.2
Change in Accounts Payable	-3,990	6,520	3,381	3,136	-278.57
Change in Other Net Operating Assets	-4,670	-340	-2,775	-1,511	177.39
Operating Cash Flow	-23,910	-6,330	-15,073	-8,850	-2,520
Capital Expenditures	-6,620	-9,250	-4,336	-7,636	-1,085
Sale of Property, Plant & Equipment	10	20	-	0.9	4.3
Cash Acquisitions	-280	-	-	-	-108.8
Sale (Purchase) of Intangibles	-3,150	-2,890	-4,090	-1,237	-
Investment in Securities	-20,790	-220	4,168	-4,984	5,438
Other Investing Activities	2,190	980	1,073	637.44	1,242
Investing Cash Flow	-28,640	-11,360	-3,186	-13,218	5,489
Short-Term Debt Issued	-	40	5,238	1,890	-
Long-Term Debt Issued	7,070	7,530	1,965	5,238	374.4
Total Debt Issued	7,070	7,570	7,203	7,128	374.4
Short-Term Debt Repaid	-230	-	-	-	-
Long-Term Debt Repaid	-2,470	-1,200	-98.3	-553.4	-342.9
Total Debt Repaid	-2,700	-1,200	-98.3	-553.4	-342.9
Net Debt Issued (Repaid)	4,370	6,370	7,105	6,574	31.5
Issuance of Common Stock	55,000	-	-	-	-
Other Financing Activities	-5,080	-2,110	-1,085	-451.29	-
Financing Cash Flow	54,290	15,900	6,587	30,848	31.5
Net Cash Flow	1,740	-1,790	-11,671	8,780	3,001
Free Cash Flow	-30,530	-15,580	-19,409	-16,485	-3,606
Free Cash Flow Margin	-67.63%	-31.10%	-73.77%	-441.46%	-41730.90%
Free Cash Flow Per Share	-7.34	-4.27	-5.16	-4.70	-1.07
Cash Interest Paid	3,470	1,700	1,084	271.79	-
Cash Income Tax Paid	100	80	-36.24	5.3	38.25
Levered Free Cash Flow	-34,660	-13,091	-19,022	-18,897	-
Unlevered Free Cash Flow	-32,441	-12,022	-18,461	-18,830	-
Change in Working Capital	-8,070	4,510	-3,081	-1,334	-136.98

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