Ganges Securities 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	50.62	34.79	97.47	79.95	97.94
Depreciation & Amortization	10.17	7.58	7.2	7.41	6.95
Other Amortization	0.26	0.26	0.13	-	-
Loss (Gain) From Sale of Assets	0.09	-0.16	-0.68	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-0.11
Loss (Gain) From Sale of Investments	-7.77	-7.4	-6.36	-1.35	-
Provision & Write-off of Bad Debts	0.2	-	-	-	-
Other Operating Activities	-5.15	-0.55	8.39	-6.05	-2.11
Change in Accounts Receivable	-4.94	2.7	-6.67	4.38	9.86
Change in Inventory	11.18	-2.99	6.88	-10.59	3.85
Change in Accounts Payable	5.96	0.97	0.06	-1.19	-2.6
Change in Other Net Operating Assets	152.41	-87.39	124.86	94.1	-62.7
Operating Cash Flow	213.04	-52.18	231.28	166.66	51.07
Operating Cash Flow Growth	-	-	38.77%	226.31%	-51.67%
Capital Expenditures	-15.16	-8.91	-19.34	-14.22	-10.01
Sale of Property, Plant & Equipment	-	0.38	0.97	-	0.18
Investment in Securities	-175.86	-	-194.58	-108.36	-15.61
Other Investing Activities	-	-	-	-100	-
Investing Cash Flow	-191.02	-8.53	-212.95	-222.58	-25.44
Long-Term Debt Repaid	-0.24	-0.23	-24.31	-0.28	-0.26
Total Debt Repaid	-0.24	-0.23	-24.31	-0.28	-0.26
Net Debt Issued (Repaid)	-0.24	-0.23	-24.31	-0.28	-0.26
Preferred Dividends Paid	-	-	-3.61	-	-
Dividends Paid	-	-	-3.61	-	-
Other Financing Activities	-0.14	-0.14	-0.35	-0.44	-0.12
Financing Cash Flow	-0.38	-0.37	-28.27	-0.72	-0.38
Net Cash Flow	21.64	-61.07	-9.94	-56.64	25.25
Free Cash Flow	197.87	-61.09	211.94	152.44	41.06
Free Cash Flow Growth	-	-	39.03%	271.23%	-56.98%
Free Cash Flow Margin	50.72%	-17.06%	49.16%	42.48%	11.71%
Free Cash Flow Per Share	19.78	-6.11	21.19	15.24	4.11
Cash Interest Paid	0.14	0.14	0.35	0.44	0.12
Cash Income Tax Paid	10.83	23.91	22.01	18.25	19.98
Levered Free Cash Flow	141.18	38.81	277.05	-65.23	75.69
Unlevered Free Cash Flow	141.27	38.9	278.11	-63.98	76.21
Change in Working Capital	164.61	-86.7	125.13	86.7	-51.6

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