Dharan Infra-EPC 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	-383.38	-365.75	-35.42	172.53	202.58
Depreciation & Amortization	1.09	1.26	1.32	1.25	1.09
Loss (Gain) From Sale of Investments	-	-	-	-	-0.11
Loss (Gain) on Equity Investments	-20.15	-18.74	2.62	-0.84	-0.35
Other Operating Activities	132.05	76.57	116.25	58.53	115.26
Change in Inventory	-100.41	-158.3	-105.55	58.29	123.49
Change in Other Net Operating Assets	537.78	1,149	-1,612	-487.16	-96.89
Operating Cash Flow	166.98	684.04	-1,633	-197.4	345.07
Operating Cash Flow Growth	-75.59%	-	-	-	-22.53%
Capital Expenditures	-0.19	-0.34	-0.41	-0.59	-2.59
Investment in Securities	101.75	6,610	-6,548	277.26	-91.2
Other Investing Activities	2.89	34.64	5.29	94.61	70.62
Investing Cash Flow	104.45	6,645	-6,543	371.28	-23.16
Short-Term Debt Issued	-	-	370.97	-	24.41
Long-Term Debt Issued	82.54	-	-	123.23	-
Total Debt Issued	82.54	-	370.97	123.23	24.41
Short-Term Debt Repaid	-203.22	-370.93	-	-150.09	-
Long-Term Debt Repaid	-	-118.84	-17.19	-	-200.76
Total Debt Repaid	-203.22	-489.77	-17.19	-150.09	-200.76
Net Debt Issued (Repaid)	-120.68	-489.77	353.78	-26.86	-176.35
Issuance of Common Stock	-	124.94	7,974	-	-
Common Dividends Paid	-	-	-	-2.7	-
Other Financing Activities	-35.88	-105.6	-122.35	-143.05	-145.55
Financing Cash Flow	-156.57	-470.43	8,206	-172.61	-321.9
Miscellaneous Cash Flow Adjustments	0.08	0	-	-	-
Net Cash Flow	114.94	6,858	29.66	1.27	-0
Free Cash Flow	166.8	683.7	-1,633	-197.99	342.48
Free Cash Flow Growth	-75.60%	-	-	-	-22.57%
Free Cash Flow Margin	82.63%	331.70%	-150.95%	-19.48%	26.58%
Free Cash Flow Per Share	0.03	0.31	-1.23	-0.16	0.28
Cash Interest Paid	35.88	105.6	122.35	143.05	145.55
Cash Income Tax Paid	-	-	-	55.53	34.91
Levered Free Cash Flow	29.69	-36.59	-1,236	-55.82	335.14
Unlevered Free Cash Flow	50.29	29.04	-1,158	31.96	416.53
Change in Working Capital	437.37	990.7	-1,717	-428.87	26.6

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