Bharat Electronics 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	53,214	39,845	29,844	23,989	20,989
Depreciation & Amortization	4,469	4,190	4,095	3,865	3,799
Other Amortization	205	242.5	193.5	146.8	74.7
Loss (Gain) From Sale of Assets	-25.5	-70.2	-15.2	-4.5	-12.1
Asset Writedown & Restructuring Costs	12.9	966.6	249.4	-	875.6
Provision & Write-off of Bad Debts	-	-	3,754	-	-
Other Operating Activities	-4,907	-6,759	-785.3	-1,262	3,158
Change in Accounts Receivable	-17,240	-3,589	-13,008	4,539	1,620
Change in Inventory	-16,721	-9,930	-10,119	-6,119	-9,965
Change in Accounts Payable	-3,675	3,756	-388.9	704.5	8,489
Change in Income Taxes	-	-	-	-1,242	-1,230
Change in Other Net Operating Assets	-9,466	17,944	-1,827	17,456	23,134
Operating Cash Flow	5,866	46,595	11,993	42,072	50,932
Operating Cash Flow Growth	-87.41%	288.53%	-71.50%	-17.40%	98.15%
Capital Expenditures	-10,113	-6,525	-5,905	-5,546	-4,693
Sale of Property, Plant & Equipment	30.5	85.3	17	74	13.3
Investment in Securities	9,517	-57,226	30,164	-45,010	-21,878
Other Investing Activities	6,735	4,427	2,800	1,765	605
Investing Cash Flow	6,169	-59,239	27,077	-48,717	-25,952
Long-Term Debt Repaid	-59.7	-57.8	-43.3	-16.7	-99.2
Net Debt Issued (Repaid)	-59.7	-57.8	-43.3	-16.7	-99.2
Common Dividends Paid	-16,808	-14,621	-12,428	-10,233	-10,227
Other Financing Activities	-96.8	-71.4	-149.5	-526.2	-430.7
Financing Cash Flow	-16,964	-14,750	-12,621	-10,776	-10,757
Net Cash Flow	-4,929	-27,394	26,448	-17,420	14,223
Free Cash Flow	-4,247	40,070	6,088	36,527	46,240
Free Cash Flow Growth	-	558.16%	-83.33%	-21.01%	155.72%
Free Cash Flow Margin	-1.79%	19.77%	3.43%	23.77%	32.77%
Free Cash Flow Per Share	-0.58	5.48	0.83	5.00	6.33
Cash Interest Paid	96.8	71.4	149.5	50.5	63.7
Cash Income Tax Paid	16,746	14,184	10,673	8,043	5,331
Levered Free Cash Flow	-11,685	31,067	9,094	33,433	41,476
Unlevered Free Cash Flow	-11,626	31,110	9,185	33,462	41,513
Change in Working Capital	-47,103	8,181	-25,342	15,339	22,048

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