UltraTech Cement 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	60,391	70,050	50,640	73,443	54,631
Depreciation & Amortization	39,750	31,201	28,405	26,550	26,274
Other Amortization	399.5	251.6	249.3	227.8	182.3
Loss (Gain) From Sale of Assets	-563.8	-6.7	-3.4	-32.2	-41.1
Asset Writedown & Restructuring Costs	-	-	225.8	369.4	546.2
Loss (Gain) From Sale of Investments	-3,459	-3,015	-976.2	-2,888	-5,737
Loss (Gain) on Equity Investments	105.7	-220.1	-40.3	-17	-21.8
Stock-Based Compensation	515.6	430.6	355.8	240.2	121.1
Provision & Write-off of Bad Debts	12.2	20.5	11.5	38.5	3.5
Other Operating Activities	16,294	15,073	15,188	-369.3	25,782
Change in Accounts Receivable	-6,075	-4,210	-7,523	-4,953	-2,015
Change in Inventory	-3,169	-17,115	-9,919	-15,790	1,654
Change in Accounts Payable	-4,756	19,590	18,686	20,769	28,678
Change in Other Net Operating Assets	7,290	-3,076	-4,613	-4,757	-5,053
Operating Cash Flow	106,734	108,975	90,685	92,832	125,004
Operating Cash Flow Growth	-2.06%	20.17%	-2.31%	-25.74%	39.32%
Capital Expenditures	-91,293	-90,056	-62,001	-56,134	-19,224
Sale of Property, Plant & Equipment	1,787	1,215	945.3	734.4	861.9
Cash Acquisitions	-101,129	-	-193.4	-	-
Divestitures	362.7	-	34.9	-	-
Investment in Securities	21,799	-654.7	-13,484	76,888	-70,949
Other Investing Activities	3,429	1,614	2,827	1,082	746.6
Investing Cash Flow	-165,045	-87,881	-71,871	22,570	-88,565
Short-Term Debt Issued	20,683	9,590	2,058	362.9	1,284
Long-Term Debt Issued	73,413	4,396	8,259	1,386	39,743
Total Debt Issued	94,096	13,986	10,318	1,748	41,028
Long-Term Debt Repaid	-7,154	-12,307	-7,048	-105,034	-66,177
Total Debt Repaid	-7,154	-12,307	-7,048	-105,034	-66,177
Net Debt Issued (Repaid)	86,942	1,679	3,270	-103,286	-25,149
Issuance of Common Stock	333.1	179.5	127.8	130.3	137.8
Repurchase of Common Stock	-1,003	-1,004	-1,145	-911.9	-
Dividends Paid	-20,117	-10,944	-10,913	-10,650	-3,748
Other Financing Activities	-15,398	-9,167	-7,649	-10,262	-14,805
Financing Cash Flow	50,758	-19,257	-16,310	-124,979	-43,565
Foreign Exchange Rate Adjustments	37.9	-5.6	-6.1	-4.7	3.3
Miscellaneous Cash Flow Adjustments	6,651	-	-	-	-
Net Cash Flow	-863.7	1,832	2,498	-9,582	-7,122
Free Cash Flow	15,441	18,920	28,684	36,698	105,780
Free Cash Flow Growth	-18.39%	-34.04%	-21.84%	-65.31%	45.24%
Free Cash Flow Margin	2.03%	2.67%	4.54%	6.98%	23.65%
Free Cash Flow Per Share	52.45	65.59	99.43	127.18	366.59
Cash Interest Paid	15,398	9,167	7,649	10,262	14,805
Cash Income Tax Paid	13,006	16,505	11,243	15,549	12,910
Levered Free Cash Flow	1,051	-4,329	30,922	27,099	70,889
Unlevered Free Cash Flow	11,213	1,669	35,684	32,635	80,219
Change in Working Capital	-6,711	-4,811	-3,370	-4,730	23,264

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