EMA Partners India 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	123.05	126.14	142.73	30.71	112.71
Depreciation & Amortization	24.2	17.67	10.58	8.78	7.83
Other Amortization	-	2.79	0.99	0.01	0.01
Loss (Gain) From Sale of Assets	1.05	0.09	0	-	0.89
Loss (Gain) From Sale of Investments	5.28	-34.68	-4.94	-0.88	-2.4
Stock-Based Compensation	11.27	9.93	-	-	-
Provision & Write-off of Bad Debts	-3.88	2.36	-7.82	0.14	6.92
Other Operating Activities	-46.79	0.06	14.16	-5.72	-3.48
Change in Accounts Receivable	-118.75	53.82	-53.41	-	-
Change in Accounts Payable	-2.01	1.26	5.85	-	-
Change in Other Net Operating Assets	-0.03	-53.07	11.09	-5.82	-39.2
Operating Cash Flow	-6.6	126.37	119.24	27.21	83.27
Operating Cash Flow Growth	-	5.98%	338.19%	-67.32%	42.55%
Capital Expenditures	-32.13	-16.44	-117.7	-3.66	-15.29
Sale of Property, Plant & Equipment	3.54	-	-	-	0.45
Investment in Securities	272.13	-783.59	-68.46	-10	-20.96
Other Investing Activities	37.44	6.62	3.8	2.4	2.24
Investing Cash Flow	280.97	-793.4	-182.36	-11.26	-33.56
Long-Term Debt Issued	-	-	72.69	-	-
Long-Term Debt Repaid	-7.47	-62.43	-2.48	-33.36	-4.88
Net Debt Issued (Repaid)	-7.47	-62.43	70.21	-33.36	-4.88
Issuance of Common Stock	-	756.46	-	-	-
Repurchase of Common Stock	-	-2.91	-	-25	-
Other Financing Activities	-0.78	-64.37	-1.86	-1.89	-4.37
Financing Cash Flow	-8.24	626.74	68.34	-60.24	-9.25
Net Cash Flow	266.13	-40.29	5.22	-44.29	40.46
Free Cash Flow	-38.73	109.93	1.54	23.56	67.98
Free Cash Flow Growth	-	7050.33%	-93.47%	-65.35%	21.11%
Free Cash Flow Margin	-4.28%	14.87%	0.23%	4.70%	11.94%
Free Cash Flow Per Share	-1.67	5.86	0.09	1.39	4.00
Cash Interest Paid	-	5.74	1.86	1.89	4.37
Cash Income Tax Paid	-	36.77	7.86	13.79	31
Levered Free Cash Flow	-18.48	85.37	-51.96	13.26	69.22
Unlevered Free Cash Flow	-18.02	88.8	-50.8	14.44	71.95
Change in Working Capital	-120.78	2.02	-36.46	-5.82	-39.2

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