Brandman Retail 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
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	261.29	209.54	82.74	4.15	-
Depreciation & Amortization	11.01	8.58	6.21	3.83	-
Other Amortization	0.2	0.18	0.16	0.13	-
Other Operating Activities	12.6	54.89	27.5	2.3	-
Change in Accounts Receivable	55.88	-322.33	-3.73	-18.47	-
Change in Inventory	-220.76	-1.5	5.75	-169.69	-
Change in Accounts Payable	-69.88	102.25	64.4	130.63	-
Change in Other Net Operating Assets	-169.31	-58.58	-166.22	34.14	-
Operating Cash Flow	-118.99	-6.95	16.81	-12.98	-
Capital Expenditures	-44.13	-26.16	-31.9	-4.07	-
Other Investing Activities	-10.64	-2.69	-	-	-
Investing Cash Flow	-54.76	-28.85	-31.9	-4.07	-
Short-Term Debt Issued	-	995.9	940.53	98.26	-
Long-Term Debt Issued	-	78.18	5	-	-
Total Debt Issued	717.11	1,074	945.53	98.26	-
Short-Term Debt Repaid	-	-979.01	-925.77	-81.77	-
Long-Term Debt Repaid	-	-11.69	-0.97	-	-
Total Debt Repaid	-656.49	-990.71	-926.73	-81.77	-
Net Debt Issued (Repaid)	60.61	83.38	18.79	16.49	-
Other Financing Activities	-21.69	-10.32	-2.08	-0.09	-
Financing Cash Flow	158.87	73.06	16.71	16.4	-
Miscellaneous Cash Flow Adjustments	-0	-0	-	0	-
Net Cash Flow	-14.88	37.26	1.62	-0.65	-
Free Cash Flow	-163.11	-33.11	-15.09	-17.05	-
Free Cash Flow Margin	-12.56%	-2.45%	-1.22%	-3.68%	-
Free Cash Flow Per Share	-12.65	-2.60	-1.18	-1.34	-
Cash Interest Paid	9.7	10.32	2.08	0.09	-
Cash Income Tax Paid	95.56	26.84	5.43	-	-
Levered Free Cash Flow	-	-43.73	-29.91	-12.95	-
Unlevered Free Cash Flow	-	-37.28	-28.6	-12.89	-
Change in Working Capital	-404.08	-280.15	-99.79	-23.39	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.