Azad Engineering 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	FY 2021
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	Mar '21 Mar 31, 2021
Net Income	1,116	873.18	585.8	84.73	294.57	115
Depreciation & Amortization	385.02	294.85	205.3	165.83	133.14	88.73
Loss (Gain) From Sale of Assets	-	-	-98.03	-	-	-
Provision & Write-off of Bad Debts	15.06	35.76	21.39	4.75	2.37	7.89
Other Operating Activities	88.79	307.7	703.83	452.2	178	4.03
Change in Accounts Receivable	-547.16	-555.78	-528.05	-417.92	-237.97	-111.64
Change in Inventory	-795.22	-563.38	-469	-308.27	-230.87	-177.53
Change in Accounts Payable	185.27	302.44	4.53	49.9	76.84	73.47
Change in Other Net Operating Assets	-697.52	-158.1	-495.29	-133.31	-6.69	47.78
Operating Cash Flow	-250.11	536.67	-69.52	-102.09	209.39	47.73
Operating Cash Flow Growth	-	-	-	-	338.70%	-
Capital Expenditures	-4,719	-2,933	-753.4	-856.22	-1,171	-203.84
Sale of Property, Plant & Equipment	-	-	42.02	18.77	-	-
Divestitures	-	-	118.86	-	-	-
Investment in Securities	-3,157	-6,249	25.95	-200.79	21.73	-154.11
Other Investing Activities	37.58	4.26	14.02	26.73	7.75	10.89
Investing Cash Flow	-7,821	-9,177	-552.55	-1,012	-1,142	-347.06
Short-Term Debt Issued	-	484.15	-	51.13	283.74	147
Long-Term Debt Issued	-	1,678	437.39	1,777	1,047	247.39
Total Debt Issued	1,579	2,162	437.39	1,829	1,331	394.39
Short-Term Debt Repaid	-	-	-696.96	-	-	-
Long-Term Debt Repaid	-	-110.38	-956.73	-614.81	-236.36	-104.69
Total Debt Repaid	-137.96	-110.38	-1,654	-614.81	-236.36	-104.69
Net Debt Issued (Repaid)	1,441	2,052	-1,216	1,214	1,095	289.7
Issuance of Common Stock	7,000	7,000	2,400	573.46	-	-
Other Financing Activities	-375.03	-284.91	-473.83	-523.82	-135.56	-53.54
Financing Cash Flow	8,066	8,767	709.87	1,263	959.11	236.16
Net Cash Flow	-5.13	126.47	87.8	149.81	26.51	-63.17
Free Cash Flow	-4,969	-2,396	-822.92	-958.31	-962.08	-156.11
Free Cash Flow Margin	-93.73%	-52.39%	-24.15%	-38.08%	-49.47%	-12.72%
Free Cash Flow Per Share	-79.57	-40.23	-15.73	-20.26	-21.19	-3.44
Cash Interest Paid	201.81	168.7	473.83	523.82	135.56	53.54
Cash Income Tax Paid	359.54	175.15	146.24	96.39	47.78	74.42
Levered Free Cash Flow	-5,181	-9,083	-1,161	-1,501	-1,049	-
Unlevered Free Cash Flow	-5,083	-9,013	-947.49	-1,243	-982.24	-
Change in Working Capital	-1,855	-974.82	-1,488	-809.6	-398.69	-167.92

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.