BF Utilities 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	1,465	1,474	1,244	508.26	-24.68
Depreciation & Amortization	703.07	660.24	580.04	551.45	566.7
Other Amortization	-	-	-	0.01	0.01
Loss (Gain) From Sale of Assets	-0.32	0.25	-	-	0.34
Loss (Gain) From Sale of Investments	-43.21	-38.95	-47.54	-102.02	-174.45
Other Operating Activities	3,641	3,534	3,047	2,165	1,843
Change in Accounts Receivable	-25.62	-19.85	-4.55	-9.22	4.14
Change in Inventory	-277.46	-207.61	7.3	-16.2	0.31
Change in Accounts Payable	-23.34	20.07	-73.21	49.05	-26.66
Change in Other Net Operating Assets	-40.86	410.21	-391.29	111.86	-169.05
Operating Cash Flow	5,399	5,831	4,362	3,258	2,019
Operating Cash Flow Growth	-7.42%	33.70%	33.88%	61.33%	-34.99%
Capital Expenditures	-327.71	-2,430	-1,128	-794.24	-33.36
Sale of Property, Plant & Equipment	-	-	-	-	0.27
Investment in Securities	-266.37	-155.95	671.01	169.56	-80.03
Other Investing Activities	146.18	141.14	54.59	29.67	38.66
Investing Cash Flow	-447.9	-2,445	-402.59	-595.01	-74.46
Long-Term Debt Repaid	-3,707	-1,851	-352.32	-1,138	-53.88
Total Debt Repaid	-3,707	-1,851	-352.32	-1,138	-53.88
Net Debt Issued (Repaid)	-3,707	-1,851	-352.32	-1,138	-53.88
Other Financing Activities	-1,162	-1,529	-3,192	-1,691	-1,915
Financing Cash Flow	-4,869	-3,380	-3,545	-2,828	-1,968
Net Cash Flow	82.15	6.32	414.23	-165.64	-23.57
Free Cash Flow	5,071	3,401	3,233	2,463	1,986
Free Cash Flow Growth	49.09%	5.19%	31.25%	24.04%	-2.74%
Free Cash Flow Margin	60.60%	35.09%	42.59%	48.01%	53.60%
Free Cash Flow Per Share	134.62	90.30	85.84	65.40	52.72
Cash Interest Paid	1,080	1,469	2,352	1,691	1,915
Cash Income Tax Paid	472.05	227.52	191.57	104.82	95.36
Levered Free Cash Flow	2,267	723.97	1,407	261.16	170.47
Unlevered Free Cash Flow	2,913	1,557	2,495	1,347	1,463
Change in Working Capital	-367.28	202.82	-461.75	135.49	-191.26

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