HLV Limited 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	20.8	261.25	238.03	76.47	-425.1
Depreciation & Amortization	194	155.75	142.86	110.76	126.85
Other Amortization	-	0.7	0.76	0.67	0.79
Loss (Gain) From Sale of Assets	-1.5	0.66	0.4	1.28	0.94
Loss (Gain) From Sale of Investments	-	-	-	-18.95	-1.28
Provision & Write-off of Bad Debts	1.4	0.35	0.61	0.51	0.85
Other Operating Activities	-18.9	-166.09	-52.63	47.32	73.11
Change in Accounts Receivable	34	25.38	-17.72	-84.18	-21.33
Change in Inventory	-1.8	-5.51	-16.53	4.89	-3.23
Change in Accounts Payable	97.9	191	89.36	122.29	100.96
Change in Other Net Operating Assets	39.1	-126.28	-146.92	92.9	-338.76
Operating Cash Flow	365	337.2	238.23	353.98	-486.2
Operating Cash Flow Growth	8.24%	41.54%	-32.70%	-	-
Capital Expenditures	-312.6	-109.87	-	-	-
Sale of Property, Plant & Equipment	-	-	271.06	82.87	852.94
Investment in Securities	-315.8	284.17	-556.97	27.85	-635.13
Other Investing Activities	13.2	47.26	-40.52	53.35	5.3
Investing Cash Flow	-615.2	221.55	-326.43	164.07	223.11
Long-Term Debt Issued	60.1	168.72	88.03	70.13	694.6
Total Debt Issued	60.1	168.72	88.03	70.13	694.6
Long-Term Debt Repaid	-194.6	-154.23	-109	-433.21	-421.62
Total Debt Repaid	-194.6	-154.23	-109	-433.21	-421.62
Net Debt Issued (Repaid)	-134.5	14.5	-20.97	-363.08	272.98
Other Financing Activities	-8.4	-2.69	-3.89	-48.32	-11.29
Financing Cash Flow	-142.9	11.81	-24.86	-411.4	261.69
Net Cash Flow	-393.1	570.56	-113.05	106.64	-1.4
Free Cash Flow	52.4	227.33	238.23	353.98	-486.2
Free Cash Flow Growth	-76.95%	-4.58%	-32.70%	-	-
Free Cash Flow Margin	2.61%	11.18%	11.97%	20.47%	-66.61%
Free Cash Flow Per Share	0.08	0.34	0.36	0.54	-0.75
Cash Interest Paid	8.4	2.69	3.89	48.32	11.29
Cash Income Tax Paid	-54.2	46.76	-3.65	-44.25	24.46
Levered Free Cash Flow	-621.46	367.72	795.36	504.2	708.27
Unlevered Free Cash Flow	-601.89	381.44	810.08	533.06	722.55
Change in Working Capital	169.2	84.59	-91.81	135.91	-262.36

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