Dhara Rail Projects 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	154.41	65.28	29.68	11.69	4.58
Depreciation & Amortization	0.42	0.43	0.39	0.45	0.57
Other Amortization	-	0	0	0	0
Provision & Write-off of Bad Debts	-	-0.41	-0.02	-	-
Other Operating Activities	-3.14	-33.79	-25.67	-0.03	-0.02
Change in Accounts Receivable	-61.97	-151.07	-11.27	-0.26	18.79
Change in Inventory	-68.32	70	-80.82	-8.71	-0.59
Change in Accounts Payable	-14.38	-19.27	38.24	-12.09	-75.59
Change in Other Net Operating Assets	-80.49	19.13	29.13	-5.97	-3.78
Operating Cash Flow	-73.46	-49.71	-20.33	-14.91	-56.03
Capital Expenditures	-0.44	-0.29	-0.24	-0.04	-0.06
Investment in Securities	-0.5	164.66	12.72	-46.77	-38.41
Other Investing Activities	53.49	1.38	-68.69	-	-
Investing Cash Flow	51.68	165.76	-56.2	-46.81	-38.47
Short-Term Debt Issued	-	-	54.23	-	-
Long-Term Debt Issued	-	-	-	65.12	84.34
Total Debt Issued	-	-	54.23	65.12	84.34
Short-Term Debt Repaid	-81.84	-68.36	-	-	-
Total Debt Repaid	-81.84	-68.36	-	-	-
Net Debt Issued (Repaid)	-81.84	-68.36	54.23	65.12	84.34
Issuance of Common Stock	501.98	-	-	-	-
Other Financing Activities	-57.94	-1.98	-0.81	-	-
Financing Cash Flow	362.21	-70.34	53.42	65.12	84.34
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	340.43	45.71	-23.11	3.39	-10.16
Free Cash Flow	-73.9	-50	-20.57	-14.95	-56.09
Free Cash Flow Margin	-13.02%	-11.24%	-6.54%	-5.71%	-30.71%
Free Cash Flow Per Share	-6.10	-4.50	-1.85	-1.35	-5.05
Cash Interest Paid	9.23	1.29	0.79	-	-
Cash Income Tax Paid	49.59	22.43	8.92	-	-
Levered Free Cash Flow	-107.96	-47.69	-7.95	-21.7	-59.8
Unlevered Free Cash Flow	-102.19	-46.88	-7.45	-21.68	-59.8
Change in Working Capital	-225.15	-81.22	-24.72	-27.02	-61.17