Highway Infrastructure 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	196.7	189.62	117.12	83.17	77.86
Depreciation & Amortization	23.89	25.97	24.95	25.19	27.22
Other Amortization	0.06	0.14	0.14	-	-
Loss (Gain) From Sale of Assets	-31.8	3.47	-0.24	-4.18	1.57
Other Operating Activities	73.53	104.32	95.82	37.28	26.02
Change in Accounts Receivable	-125.95	-42.8	-59.67	-192.32	65.07
Change in Inventory	-168.18	-93.19	-0.49	-30.92	-82.26
Change in Accounts Payable	12	69.1	-133.46	-82.67	69.27
Change in Other Net Operating Assets	-29.74	-114.44	-2.66	160.92	-233.67
Operating Cash Flow	-49.49	142.19	41.51	-3.52	-48.91
Operating Cash Flow Growth	-	242.54%	-	-	-
Capital Expenditures	-16.88	-33.96	-24.71	-6.93	-38.71
Sale of Property, Plant & Equipment	11.36	15.24	10.79	7.11	16.1
Cash Acquisitions	-48.55	38.74	-23.01	-	-
Sale (Purchase) of Real Estate	46.33	-0.69	3.19	-	-
Investment in Securities	58.42	38.07	-0.33	-	-
Other Investing Activities	122.59	-74.17	13.65	2.66	0.64
Investing Cash Flow	120.09	-60.27	-36.24	2.84	-21.97
Short-Term Debt Issued	-	175.46	60.18	74.82	15.2
Long-Term Debt Issued	46.32	-	5.27	71.55	31.53
Total Debt Issued	46.32	175.46	65.45	146.37	46.73
Short-Term Debt Repaid	-24.39	-	-	-	-
Long-Term Debt Repaid	-1.85	-113.74	-0.64	-	-
Total Debt Repaid	-26.24	-113.74	-0.64	-	-
Net Debt Issued (Repaid)	20.08	61.72	64.81	146.37	46.73
Other Financing Activities	-73.84	-90.49	-75.05	-149.22	31.73
Financing Cash Flow	-53.76	-28.77	-10.24	-2.85	78.46
Net Cash Flow	16.84	53.15	-4.97	-3.53	7.58
Free Cash Flow	-66.37	108.23	16.8	-10.46	-87.62
Free Cash Flow Growth	-	544.23%	-	-	-
Free Cash Flow Margin	-1.34%	1.88%	0.37%	-0.36%	-5.95%
Free Cash Flow Per Share	-1.15	1.87	0.29	-0.18	-1.53
Cash Interest Paid	-	-	-	40.32	28.23
Cash Income Tax Paid	84.98	78.86	48.98	30.12	22.5
Levered Free Cash Flow	-145.26	-4.86	-35.4	-72.59	-259.32
Unlevered Free Cash Flow	-108.79	40.89	2.9	-47.39	-241.67
Change in Working Capital	-311.87	-181.33	-196.28	-144.98	-181.58

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