Rikhav Securities 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	-92.43	236.7	422.09	191.03	176.25
Depreciation & Amortization, Total	7.15	6.31	6.05	4.69	3.05
Change in Accounts Receivable	-86.48	-65.55	13.94	12.02	-2.51
Change in Accounts Payable	-455.27	-426.92	318.44	-94.09	146.64
Change in Other Net Operating Assets	166.84	-486.68	321.94	-209.06	-641.92
Other Operating Activities	-102.39	-32.61	8.02	6.55	-48.08
Operating Cash Flow	-2,080	-1,880	1,090	-88.66	-366.42
Capital Expenditures	-11.05	-8.99	-5.62	-12.7	-9.25
Investment in Securities	1,782	1,317	-1,035	-48.64	415.75
Other Investing Activities	115.09	94.85	71.77	50.17	74.56
Investing Cash Flow	1,885	1,402	-968.38	7.98	762.69
Long-Term Debt Issued	-	-	1.9	-	-
Short-Term Debt Repaid	-	-399.16	-	-51.19	-142.77
Long-Term Debt Repaid	-	-0.2	-	-	-0.38
Total Debt Repaid	-399.38	-399.36	-	-51.19	-143.15
Net Debt Issued (Repaid)	-354.05	-399.36	1.9	-51.19	-143.15
Issuance of Common Stock	642.96	642.96	-	-	-
Other Financing Activities	-48.11	-57.79	-29.4	-33.22	-33.65
Financing Cash Flow	240.8	185.82	-27.49	-84.4	-176.8
Net Cash Flow	46.33	-291.75	94.6	-165.08	219.46
Free Cash Flow	-2,091	-1,889	1,085	-101.36	-375.67
Free Cash Flow Margin	-33.91%	-58.12%	98.53%	-19.14%	-90.45%
Free Cash Flow Per Share	-58.61	-59.94	72.41	-3.38	-12.54
Cash Interest Paid	49.32	58.96	29.44	33.21	33.65
Cash Income Tax Paid	8.08	35.55	41.17	33.05	51.83

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