NSE:DWARKESH 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	233.36	835.17	1,047	1,552	915.38
Depreciation & Amortization	486.65	522.13	499.54	428.78	408.52
Other Amortization	-	-	-	3.42	-
Loss (Gain) From Sale of Assets	-0.34	0.18	3.3	0.6	1.01
Asset Writedown & Restructuring Costs	2.63	2.9	2.83	4.09	0.42
Loss (Gain) From Sale of Investments	0.15	-0.15	-	-	-
Provision & Write-off of Bad Debts	16.45	3.66	-	-	-
Other Operating Activities	309.47	452.15	331.69	557.04	700.76
Change in Accounts Receivable	-264.07	355.31	-370.15	723.74	508.63
Change in Inventory	-97.51	-1,802	1,970	976.09	571.9
Change in Accounts Payable	-113.73	-119.14	-417.46	-860.26	-150.33
Change in Other Net Operating Assets	33.72	-116.39	71.39	-	-
Operating Cash Flow	606.77	133.68	3,139	3,386	2,956
Operating Cash Flow Growth	353.90%	-95.74%	-7.30%	14.52%	2516.11%
Capital Expenditures	-124.19	-507.77	-986.79	-1,609	-194.8
Sale of Property, Plant & Equipment	0.94	2.1	7.85	1.6	2.22
Investment in Securities	11.38	2.16	-23.53	-374.06	-
Other Investing Activities	46.38	96.84	87.41	4.99	16.35
Investing Cash Flow	-65.49	-406.67	-915.06	-1,977	-176.24
Short-Term Debt Issued	1,198	1,478	-	-	-
Long-Term Debt Issued	-	-	813.79	1,042	-
Total Debt Issued	1,198	1,478	813.79	1,042	-
Short-Term Debt Repaid	-	-	-1,825	-1,391	-511.43
Long-Term Debt Repaid	-688.04	-705.56	-519.92	-504.9	-1,852
Total Debt Repaid	-688.04	-705.56	-2,345	-1,896	-2,363
Net Debt Issued (Repaid)	509.9	772.46	-1,531	-853.85	-2,363
Repurchase of Common Stock	-386.64	-313.75	-	-	-
Common Dividends Paid	-	-	-376.6	-235.38	-
Other Financing Activities	150	-186.74	-311.33	-319.03	-434.32
Financing Cash Flow	273.26	271.97	-2,219	-1,408	-2,798
Net Cash Flow	814.54	-1.02	4.35	0.84	-17.72
Free Cash Flow	482.58	-374.1	2,152	1,777	2,761
Free Cash Flow Growth	-	-	21.12%	-35.67%	-
Free Cash Flow Margin	3.55%	-2.19%	10.23%	8.98%	15.02%
Free Cash Flow Per Share	2.60	-1.99	11.43	9.44	14.66
Cash Interest Paid	158.85	183.53	311.33	319.03	434.32
Cash Income Tax Paid	122.22	251.41	294.4	369.5	10.13
Levered Free Cash Flow	524.79	-1,168	1,427	1,153	1,898
Unlevered Free Cash Flow	623.47	-1,057	1,568	1,334	2,179
Change in Working Capital	-441.6	-1,682	1,254	839.57	930.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.