HEC Infra Projects 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	92.44	47.16	7.88	5.15	3.1
Depreciation & Amortization	1.4	1.66	2.2	2.35	2.3
Loss (Gain) From Sale of Assets	-0.15	-31.36	-	-0.06	-
Other Operating Activities	1.93	7.99	25.27	19.85	19.1
Change in Accounts Receivable	-324.69	169.57	-10.52	14.33	-23.7
Change in Inventory	3.5	56.9	-2.09	-7.43	9.3
Change in Accounts Payable	20.64	-135.03	59.46	-69.05	-14.4
Change in Other Net Operating Assets	-55.09	-47.03	-13.15	-0.68	20.6
Operating Cash Flow	-260	69.86	69.05	-35.55	16.3
Operating Cash Flow Growth	-	1.17%	-	-	-
Capital Expenditures	-	-0.09	-1.26	-0.85	-2.1
Sale of Property, Plant & Equipment	0.18	34.5	-	0.2	0.1
Other Investing Activities	-	1.61	3.23	3.23	2.7
Investing Cash Flow	0.18	36.02	1.97	2.58	0.7
Long-Term Debt Issued	76.77	-	-	37.97	-
Long-Term Debt Repaid	-	-10.88	-40.32	-	-7.2
Net Debt Issued (Repaid)	76.77	-10.88	-40.32	37.97	-7.2
Issuance of Common Stock	90.3	-	-	-	-
Other Financing Activities	-1.81	-9.54	-28.5	-18.48	-7.2
Financing Cash Flow	165.26	-20.41	-68.82	19.49	-14.4
Miscellaneous Cash Flow Adjustments	-	0	0	-	-
Net Cash Flow	-94.57	85.47	2.21	-13.49	2.6
Free Cash Flow	-260	69.77	67.8	-36.4	14.2
Free Cash Flow Growth	-	2.91%	-	-	-
Free Cash Flow Margin	-23.19%	9.46%	13.11%	-8.32%	3.78%
Free Cash Flow Per Share	-25.55	6.88	6.69	-3.59	1.40
Cash Interest Paid	11.9	10.04	32.27	25.97	26.2
Cash Income Tax Paid	24.46	18.97	4.15	0.43	-1.5
Levered Free Cash Flow	76.69	40.81	49.01	-52.06	-6.36
Unlevered Free Cash Flow	86.3	45.93	54.2	-45.69	1.08
Change in Working Capital	-355.63	44.41	33.7	-62.83	-8.2

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