NSE:ARE_M 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	9,447	9,344	7,308	5,126	6,468
Depreciation & Amortization	5,071	4,702	4,368	3,897	3,139
Other Amortization	185.6	141	136.2	60.5	52.5
Loss (Gain) From Sale of Assets	50.5	39.8	153.9	69.6	9.1
Asset Writedown & Restructuring Costs	-6.9	-1.4	-3.8	-	-
Loss (Gain) From Sale of Investments	-363.4	-288	-147.1	-118.3	-164.1
Provision & Write-off of Bad Debts	9.5	20.4	-6.8	10.3	-94.9
Other Operating Activities	-853.1	-205.4	588.1	-295.8	-88.5
Change in Accounts Receivable	-1,282	-2,169	-936.3	-46.9	-1,352
Change in Inventory	-2,470	-17.9	-918.3	-3,656	-2,959
Change in Accounts Payable	2,333	856.5	-663.5	678	1,440
Change in Other Net Operating Assets	1,392	237.8	-431.9	609.1	1,572
Operating Cash Flow	13,513	12,660	9,447	6,333	8,022
Operating Cash Flow Growth	6.74%	34.02%	49.17%	-21.06%	-31.82%
Capital Expenditures	-12,001	-8,715	-5,108	-7,609	-4,967
Sale of Property, Plant & Equipment	80.4	26.2	11.6	11.7	2.8
Cash Acquisitions	-	-1,320	-	-	-
Investment in Securities	-1,189	-1,304	-1,937	2,732	-1,424
Other Investing Activities	1,793	1,111	101.4	46.7	37.8
Investing Cash Flow	-11,316	-10,201	-7,729	-4,819	-6,350
Short-Term Debt Issued	1,435	-	-	-	-
Total Debt Issued	1,435	-	-	-	-
Long-Term Debt Repaid	-869	-876.7	-377.1	-359.2	-321.4
Total Debt Repaid	-869	-876.7	-377.1	-359.2	-321.4
Net Debt Issued (Repaid)	566.4	-876.7	-377.1	-359.2	-321.4
Common Dividends Paid	-1,904	-1,367	-580.8	-1,708	-854.1
Other Financing Activities	-258.5	-181.7	-161.3	-67.4	-39.5
Financing Cash Flow	-1,596	-2,425	-1,119	-2,135	-1,215
Foreign Exchange Rate Adjustments	1.5	0.6	1.9	0.4	185.7
Miscellaneous Cash Flow Adjustments	-7.8	-	-	-	-
Net Cash Flow	594.9	34.7	600.1	-620.7	643.1
Free Cash Flow	1,512	3,946	4,339	-1,277	3,056
Free Cash Flow Growth	-61.69%	-9.06%	-	-	-35.70%
Free Cash Flow Margin	1.18%	3.37%	4.17%	-1.47%	4.27%
Free Cash Flow Per Share	8.26	21.56	23.71	-7.47	17.89
Cash Interest Paid	258.5	181.7	161.3	67.4	39.5
Cash Income Tax Paid	3,308	3,383	2,564	1,993	1,995
Levered Free Cash Flow	1,251	3,605	446.15	-1,501	1,676
Unlevered Free Cash Flow	1,325	3,695	540.15	-1,463	1,698
Change in Working Capital	-26.8	-1,092	-2,950	-2,416	-1,299

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