Choice International 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	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	1,887	1,627	1,309	600.68	535.76	167.1	Upgrade
Depreciation & Amortization, Total	99.83	68.75	58.2	39.93	24.49	20.88	Upgrade
Gain (Loss) On Sale of Investments	-69.73	-55.19	-3.56	20.21	-0.38	-6.51	Upgrade
Stock-Based Compensation	59.8	78.73	127.76	49.35	-	-	Upgrade
Change in Accounts Receivable	-357.24	-906.25	-783.71	-360.23	81.41	127.34	Upgrade
Change in Accounts Payable	-43.64	48.93	-60.08	112.5	48.17	65.54	Upgrade
Change in Other Net Operating Assets	-3,318	-4,281	-2,706	564.66	-897.23	-1,190	Upgrade
Other Operating Activities	685.57	613.41	358.46	189.7	-7.65	130.48	Upgrade
Operating Cash Flow	-1,175	-2,945	-1,530	1,384	-342.78	-447.5	Upgrade
Capital Expenditures	-255.34	-297.9	-128.37	-262.83	-34.14	-12.54	Upgrade
Cash Acquisitions	-863.53	-863.53	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-691.98	-404.73	-205.72	-208.64	-1.47	-0.26	Upgrade
Investment in Securities	-752.47	-305.76	-111.48	-4.97	-174.93	136.24	Upgrade
Other Investing Activities	270.54	229.35	403.22	-	-924.62	19.1	Upgrade
Investing Cash Flow	-2,299	-1,611	-132.06	-478.79	-1,257	150.36	Upgrade
Long-Term Debt Issued	-	2,217	2,498	-	611.81	53.35	Upgrade
Total Debt Issued	1,951	2,217	2,498	-	611.81	53.35	Upgrade
Long-Term Debt Repaid	-	-	-	-133.32	-	-	Upgrade
Total Debt Repaid	-	-	-	-133.32	-	-	Upgrade
Net Debt Issued (Repaid)	1,951	2,217	2,498	-133.32	611.81	53.35	Upgrade
Issuance of Common Stock	2.77	2.77	-	-	1,073	436.74	Upgrade
Other Financing Activities	1,996	2,273	-258.77	-155.03	-161.19	-263.76	Upgrade
Financing Cash Flow	3,950	4,493	2,239	-288.35	1,523	226.33	Upgrade
Net Cash Flow	475.64	-62.76	577.39	617.11	-46.32	-70.81	Upgrade
Free Cash Flow	-1,430	-3,242	-1,658	1,121	-376.91	-460.03	Upgrade
Free Cash Flow Margin	-15.69%	-37.77%	-22.96%	29.96%	-13.90%	-30.08%	Upgrade
Free Cash Flow Per Share	-6.95	-15.92	-8.27	5.62	-2.13	-3.52	Upgrade
Cash Interest Paid	762	626.86	366.6	200.09	141.94	141.29	Upgrade
Cash Income Tax Paid	677.77	580.31	503.09	245.38	229.43	43.3	Upgrade

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