Indus Towers Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	71,311	99,317	60,362	20,400	63,731	37,790
Depreciation & Amortization	66,898	60,959	57,506	50,460	51,260	27,246
Other Amortization	185	185	191	204	225	160
Loss (Gain) From Sale of Assets	-2,808	-2,687	-2,793	-2,614	-2,551	-823
Asset Writedown & Restructuring Costs	2,877	2,877	2,902	7,503	1,767	1,078
Loss (Gain) From Sale of Investments	-698	-698	-53	-50	-193	-1,269
Loss (Gain) on Equity Investments	-	-	-	-	-	-8,663
Provision & Write-off of Bad Debts	-4,970	-50,771	-809	53,077	-1,170	-461
Other Operating Activities	16,503	22,871	8,960	-5,884	12,039	3,321
Change in Accounts Receivable	25,214	67,700	-15,052	-31,184	-30,992	24,251
Change in Inventory	-247	-76	-	-	-	-
Change in Accounts Payable	1,095	2,248	1,862	-426	-10,510	79
Change in Other Net Operating Assets	4,121	-5,475	2,745	-12,438	7,606	-7,898
Operating Cash Flow	179,481	196,450	115,821	79,048	91,212	74,811
Operating Cash Flow Growth	9.74%	69.62%	46.52%	-13.34%	21.92%	223.14%
Capital Expenditures	-85,135	-67,840	-89,529	-36,226	-32,851	-21,184
Sale of Property, Plant & Equipment	5,973	5,269	5,064	4,545	4,154	1,666
Cash Acquisitions	-18,288	-18,288	-	-	-	-
Investment in Securities	-27,645	-31,087	2,742	13,824	6,391	32,939
Other Investing Activities	2,094	2,841	6,261	557	569	4,556
Investing Cash Flow	-123,001	-109,105	-75,462	-17,300	-21,737	17,977
Long-Term Debt Issued	-	62,584	85,558	129,315	162,422	149,640
Total Debt Issued	61,684	62,584	85,558	129,315	162,422	149,640
Long-Term Debt Repaid	-	-118,564	-121,318	-167,262	-217,666	-144,532
Total Debt Repaid	-116,712	-118,564	-121,318	-167,262	-217,666	-144,532
Net Debt Issued (Repaid)	-55,028	-55,980	-35,760	-37,947	-55,244	5,108
Issuance of Common Stock	7	8	4	-	-	78
Repurchase of Common Stock	-263	-26,658	-130	-75	-154	-37,642
Common Dividends Paid	-	-	-	-29,638	-	-59,854
Other Financing Activities	-1,200	-3,849	-4,066	-3,666	-4,418	-1,458
Financing Cash Flow	-56,484	-86,479	-39,952	-71,326	-59,816	-93,768
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	2
Net Cash Flow	-4	866	407	-9,578	9,659	-978
Free Cash Flow	94,346	128,610	26,292	42,822	58,361	53,627
Free Cash Flow Growth	3.19%	389.16%	-38.60%	-26.63%	8.83%	261.05%
Free Cash Flow Margin	29.37%	42.70%	9.19%	15.09%	21.06%	38.43%
Free Cash Flow Per Share	35.77	48.32	9.76	15.89	21.66	24.86
Cash Interest Paid	1,200	2,762	4,066	3,666	4,418	1,450
Cash Income Tax Paid	19,324	18,746	18,700	22,192	19,129	10,788
Levered Free Cash Flow	64,721	84,070	3,711	49,075	31,416	6,522
Unlevered Free Cash Flow	76,434	95,499	15,036	59,288	40,405	11,148
Change in Working Capital	30,183	64,397	-10,445	-44,048	-33,896	16,432

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