EMS Limited 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	1,835	1,524	1,077	780.7	718.84
Depreciation & Amortization	95.75	65.12	25.75	21.51	17.35
Other Amortization	0.44	0.19	-	-	-
Loss (Gain) From Sale of Assets	-0.2	-65.48	-	-	-
Loss (Gain) From Sale of Investments	-	-	0.78	0.7	0.1
Loss (Gain) on Equity Investments	-	-20.44	-	-	-
Other Operating Activities	28.15	93.93	-29.28	316.11	265.66
Change in Accounts Receivable	-1,342	-1,191	621.65	-691.94	-539.26
Change in Inventory	405.03	158.99	-506.31	-186.99	74.75
Change in Accounts Payable	65.65	-73.08	-276.08	73.68	10.82
Change in Other Net Operating Assets	-753.14	-1,651	-871.41	-37.76	-190.58
Operating Cash Flow	335.38	-1,159	41.98	276.01	357.68
Operating Cash Flow Growth	-	-	-84.79%	-22.83%	-24.16%
Capital Expenditures	-63.44	-328.53	-86.99	-84.54	-82.92
Sale of Property, Plant & Equipment	2.2	89.9	8.91	3.94	0.03
Sale (Purchase) of Intangibles	-	-	-	-58.24	-0.67
Sale (Purchase) of Real Estate	-55.88	-84.19	-18.97	-8.25	-1.1
Investment in Securities	201.76	-479.17	-159.25	-2.67	-
Other Investing Activities	107.27	-26.11	42.13	31.94	-0.1
Investing Cash Flow	191.91	-828.09	-214.18	-117.83	-84.75
Long-Term Debt Issued	153.35	252.59	416.83	5.5	-
Short-Term Debt Repaid	-	-	-	-	-20.46
Long-Term Debt Repaid	-	-	-	-	-100.82
Total Debt Repaid	-	-	-	-	-121.28
Net Debt Issued (Repaid)	153.35	252.59	416.83	5.5	-121.28
Common Dividends Paid	-55.53	-55.53	-	-	-
Other Financing Activities	-89.29	1,565	-38.41	-57.46	12.3
Financing Cash Flow	8.53	1,762	378.41	-51.96	-108.98
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	535.82	-225.27	206.22	106.22	163.95
Free Cash Flow	271.94	-1,488	-45.01	191.47	274.77
Free Cash Flow Growth	-	-	-	-30.32%	30.57%
Free Cash Flow Margin	2.82%	-18.75%	-0.84%	5.32%	8.31%
Free Cash Flow Per Share	4.90	-26.79	-0.96	4.07	5.85
Cash Interest Paid	84.35	62.84	38.41	57.46	4.45
Cash Income Tax Paid	622.68	419.89	422.39	6.48	2.34
Levered Free Cash Flow	101.83	-742.94	249.29	461.4	10.08
Unlevered Free Cash Flow	124.68	-742.68	249.78	461.4	12.85
Change in Working Capital	-1,624	-2,756	-1,032	-843.01	-644.26

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