BSL Limited Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	23.76	81.58	112.33	169.09	114.79
Depreciation & Amortization	167.83	175.15	179.93	108.44	114.86
Other Amortization	0.66	3.55	3.49	0.35	0.31
Loss (Gain) From Sale of Assets	-1.48	-3.65	-2.92	19.09	-2.18
Other Operating Activities	272.52	315.94	317.13	171.24	112.58
Change in Accounts Receivable	-116.57	124.82	-460.62	-82.43	-197.73
Change in Inventory	183.74	-302.61	-247.89	-439.88	-253.61
Change in Accounts Payable	-68.79	200.58	-213.98	-12.72	269.8
Change in Other Net Operating Assets	32.52	-25.29	-82.18	255	-133.06
Operating Cash Flow	494.19	570.07	-394.7	188.18	25.77
Operating Cash Flow Growth	-13.31%	-	-	630.26%	-84.43%
Capital Expenditures	-394.65	-124.19	-225.36	-1,671	-160.91
Sale of Property, Plant & Equipment	4.13	11.06	21.74	68.35	8.72
Investing Cash Flow	-390.51	-113.13	-203.63	-1,602	-152.19
Short-Term Debt Issued	210.1	-	909.73	458.97	103.59
Long-Term Debt Issued	242.92	155.82	126.8	1,271	288.34
Total Debt Issued	453.02	155.82	1,037	1,730	391.94
Short-Term Debt Repaid	-	-96.52	-	-	-
Long-Term Debt Repaid	-272.68	-219.12	-121.49	-135.24	-140.83
Total Debt Repaid	-272.68	-315.64	-121.49	-135.24	-140.83
Net Debt Issued (Repaid)	180.33	-159.82	915.04	1,595	251.11
Common Dividends Paid	-8.23	-10.29	-15.44	-12.35	-
Other Financing Activities	-275.55	-287.01	-301.77	-169.32	-123.55
Financing Cash Flow	-103.45	-457.12	597.83	1,413	127.56
Net Cash Flow	0.23	-0.18	-0.5	-0.95	1.14
Free Cash Flow	99.55	445.88	-620.06	-1,482	-135.14
Free Cash Flow Growth	-77.67%	-	-	-	-
Free Cash Flow Margin	1.51%	6.68%	-9.30%	-31.42%	-3.10%
Free Cash Flow Per Share	9.68	43.32	-60.25	-144.03	-13.13
Cash Interest Paid	-	287.01	301.77	169.32	123.55
Cash Income Tax Paid	-	-8.77	11.4	41.58	43.7
Levered Free Cash Flow	-238.35	209.18	-951.12	-1,780	-143.51
Unlevered Free Cash Flow	-48.81	388.56	-762.51	-1,674	-66.29
Change in Working Capital	30.9	-2.5	-1,005	-280.03	-314.59

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