Bajel Projects 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Net Income	154.64	42.87	-13.55
Depreciation & Amortization	126.81	58.23	53.79
Loss (Gain) From Sale of Assets	-0.37	1.54	-
Loss (Gain) From Sale of Investments	-0.29	-2.06	-
Stock-Based Compensation	90.77	11.28	-
Provision & Write-off of Bad Debts	256.35	89.04	91.49
Other Operating Activities	254.33	-112.72	-216.15
Change in Accounts Receivable	-5,494	-3,103	2,453
Change in Inventory	-205.26	-101.52	-80.23
Change in Accounts Payable	4,970	4,161	-364.73
Change in Other Net Operating Assets	538.17	909.86	-1,833
Operating Cash Flow	691.33	1,954	90.49
Operating Cash Flow Growth	-64.61%	2058.93%	-
Capital Expenditures	-344.85	-270.51	-23.62
Sale of Property, Plant & Equipment	1.19	0.73	-
Investment in Securities	-1,030	-1,093	-
Other Investing Activities	92.82	14.33	0.32
Investing Cash Flow	-1,281	-1,348	-23.3
Short-Term Debt Issued	1,210	1,520	-
Total Debt Issued	1,210	1,520	-
Short-Term Debt Repaid	-	-1,520	-
Long-Term Debt Repaid	-31.4	-12.65	-
Total Debt Repaid	-31.4	-1,533	-4.85
Net Debt Issued (Repaid)	1,179	-12.65	-4.85
Issuance of Common Stock	35.71	24.76	-
Other Financing Activities	-533.61	-157.89	-63.42
Financing Cash Flow	680.69	-145.79	-68.28
Net Cash Flow	90.73	459.55	-1.08
Free Cash Flow	346.48	1,683	66.88
Free Cash Flow Growth	-79.42%	2416.78%	-
Free Cash Flow Margin	1.33%	14.40%	1.18%
Free Cash Flow Per Share	2.98	14.60	0.58
Cash Interest Paid	533.61	157.89	63.42
Cash Income Tax Paid	-2.01	19.83	33.88
Levered Free Cash Flow	837.16	1,018	-
Unlevered Free Cash Flow	1,071	1,102	-
Change in Working Capital	-190.91	1,865	174.91

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