Avro India 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	30.42	40.37	41.51	29.76	17.47
Depreciation & Amortization	39.2	27.84	18.18	12.81	14.35
Other Amortization	-	0.01	0.01	0.01	0.01
Loss (Gain) From Sale of Assets	-0.06	-0.83	-1.43	-0.12	-0.43
Asset Writedown & Restructuring Costs	-	-	-	-	0.73
Loss (Gain) From Sale of Investments	-1.31	-0.58	-	-0.67	-0.12
Provision & Write-off of Bad Debts	2.62	1.51	4.24	0.02	-
Other Operating Activities	15.21	14.29	7.34	8.42	1.99
Change in Accounts Receivable	-30.9	-41.18	15.75	-78.61	-27.06
Change in Inventory	-81.2	-4.52	-13.58	-33.57	-2.49
Change in Accounts Payable	17.86	33.46	-42.33	55.75	-4.27
Change in Other Net Operating Assets	-14.87	-9.78	-1.49	0.36	0.56
Operating Cash Flow	-23.03	60.59	28.2	-5.83	0.74
Operating Cash Flow Growth	-	114.82%	-	-	-96.68%
Capital Expenditures	-111.89	-91.89	-53.86	-31.92	-8.36
Sale of Property, Plant & Equipment	0.35	1.42	3.43	2.25	0.55
Investment in Securities	-5.72	1.37	-6.9	4.87	-3.9
Other Investing Activities	-120	-	-	-	-
Investing Cash Flow	-237.26	-89.09	-57.33	-24.8	-11.71
Short-Term Debt Issued	974.89	1,037	928.46	643.25	423.43
Long-Term Debt Issued	28.84	29.06	23.46	14.18	2.65
Total Debt Issued	1,004	1,066	951.93	657.43	426.08
Short-Term Debt Repaid	-947.85	-1,017	-905.88	-615.31	-406.95
Long-Term Debt Repaid	-13.08	-8.2	-7.11	-6.76	-3.69
Total Debt Repaid	-960.93	-1,025	-912.99	-622.06	-410.63
Net Debt Issued (Repaid)	42.8	40.44	38.94	35.37	15.45
Issuance of Common Stock	532.37	-	-	-	-
Other Financing Activities	-15.49	-13.77	-8.83	-4.15	-2.59
Financing Cash Flow	559.68	26.67	30.11	31.22	12.86
Miscellaneous Cash Flow Adjustments	-	-0	-0	-	-
Net Cash Flow	299.39	-1.84	0.98	0.59	1.89
Free Cash Flow	-134.91	-31.3	-25.65	-37.75	-7.62
Free Cash Flow Margin	-17.22%	-3.35%	-3.21%	-5.83%	-1.43%
Free Cash Flow Per Share	-12.26	-3.10	-2.54	-3.74	-0.76
Cash Interest Paid	15.49	13.77	8.94	4.15	2.59
Cash Income Tax Paid	9.48	15.68	18.59	5.46	7.01
Levered Free Cash Flow	-155.34	-50.31	-44.18	-46.93	-10.22
Unlevered Free Cash Flow	-145.52	-41.76	-38.23	-44.37	-8.61
Change in Working Capital	-109.11	-22.02	-41.66	-56.07	-33.26

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