EMA Partners India 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
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
Net Income	415.55	126.14	142.73	30.71	112.71	37.45
Depreciation & Amortization	18.82	17.67	10.58	8.78	7.83	9.48
Other Amortization	2.79	2.79	0.99	0.01	0.01	0.04
Loss (Gain) From Sale of Assets	0.89	0.09	0	-	0.89	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	2.83
Loss (Gain) From Sale of Investments	-35.34	-34.68	-4.94	-0.88	-2.4	-
Stock-Based Compensation	13.49	9.93	-	-	-	-
Provision & Write-off of Bad Debts	2.04	2.36	-7.82	0.14	6.92	1.39
Other Operating Activities	-310.94	0.06	14.16	-5.72	-3.48	9.63
Change in Accounts Receivable	-39.97	53.82	-53.41	-	-	2.39
Change in Accounts Payable	1.44	1.26	5.85	-	-	-3.45
Change in Other Net Operating Assets	-84.41	-53.07	11.09	-5.82	-39.2	-1.34
Operating Cash Flow	-15.64	126.37	119.24	27.21	83.27	58.41
Operating Cash Flow Growth	-	5.98%	338.19%	-67.32%	42.55%	146.34%
Capital Expenditures	-18.64	-16.44	-117.7	-3.66	-15.29	-2.29
Sale of Property, Plant & Equipment	2.84	-	-	-	0.45	-
Investment in Securities	-454.22	-783.59	-68.46	-10	-20.96	-0
Other Investing Activities	14.41	6.62	3.8	2.4	2.24	1.94
Investing Cash Flow	-455.61	-793.4	-182.36	-11.26	-33.56	-0.35
Long-Term Debt Issued	-	-	72.69	-	-	-
Long-Term Debt Repaid	-	-62.43	-2.48	-33.36	-4.88	-10.39
Net Debt Issued (Repaid)	-63.03	-62.43	70.21	-33.36	-4.88	-10.39
Issuance of Common Stock	673.32	756.46	-	-	-	-
Repurchase of Common Stock	-	-2.91	-	-25	-	-
Other Financing Activities	-61.67	-64.37	-1.86	-1.89	-4.37	-
Financing Cash Flow	548.61	626.74	68.34	-60.24	-9.25	-10.39
Net Cash Flow	77.36	-40.29	5.22	-44.29	40.46	47.68
Free Cash Flow	-34.28	109.93	1.54	23.56	67.98	56.13
Free Cash Flow Growth	-	7050.33%	-93.47%	-65.35%	21.11%	191.96%
Free Cash Flow Margin	-0.91%	14.87%	0.23%	4.70%	11.94%	17.55%
Free Cash Flow Per Share	-0.10	5.86	0.09	1.39	4.00	2.79
Cash Interest Paid	5.74	5.74	1.86	1.89	4.37	-
Cash Income Tax Paid	36.77	36.77	7.86	13.79	31	-0.32
Levered Free Cash Flow	-22,286	85.37	-51.96	13.26	69.22	36.44
Unlevered Free Cash Flow	-22,286	88.8	-50.8	14.44	71.95	39.43
Change in Working Capital	-122.94	2.02	-36.46	-5.82	-39.2	-2.4

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