Indus Towers 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	71,449	99,317	60,362	20,400	63,731
Depreciation & Amortization	71,408	60,959	57,506	50,460	51,260
Other Amortization	-	185	191	204	225
Loss (Gain) From Sale of Assets	-3,431	-2,687	-2,793	-2,614	-2,551
Asset Writedown & Restructuring Costs	-	2,877	2,902	7,503	1,767
Loss (Gain) From Sale of Investments	-	-698	-53	-50	-193
Provision & Write-off of Bad Debts	-2,560	-50,771	-809	53,077	-1,170
Other Operating Activities	15,235	22,871	8,960	-5,884	12,039
Change in Accounts Receivable	977	67,700	-15,052	-31,184	-30,992
Change in Inventory	-192	-76	-	-	-
Change in Accounts Payable	2,785	2,248	1,862	-426	-10,510
Change in Other Net Operating Assets	1,170	-5,475	2,745	-12,438	7,606
Operating Cash Flow	156,841	196,450	115,821	79,048	91,212
Operating Cash Flow Growth	-20.16%	69.62%	46.52%	-13.34%	21.92%
Capital Expenditures	-86,258	-67,840	-89,529	-36,226	-32,851
Sale of Property, Plant & Equipment	7,279	5,269	5,064	4,545	4,154
Cash Acquisitions	-	-18,288	-	-	-
Investment in Securities	-24,975	-31,087	2,742	13,824	6,391
Other Investing Activities	1,971	2,841	6,261	557	569
Investing Cash Flow	-101,983	-109,105	-75,462	-17,300	-21,737
Long-Term Debt Issued	-	62,584	85,558	129,315	162,422
Total Debt Issued	-	62,584	85,558	129,315	162,422
Short-Term Debt Repaid	-1,140	-	-	-	-
Long-Term Debt Repaid	-37,410	-118,564	-121,318	-167,262	-217,666
Total Debt Repaid	-38,550	-118,564	-121,318	-167,262	-217,666
Net Debt Issued (Repaid)	-38,550	-55,980	-35,760	-37,947	-55,244
Issuance of Common Stock	7	8	4	-	-
Repurchase of Common Stock	-263	-26,658	-130	-75	-154
Common Dividends Paid	-	-	-	-29,638	-
Other Financing Activities	-17,076	-3,849	-4,066	-3,666	-4,418
Financing Cash Flow	-55,882	-86,479	-39,952	-71,326	-59,816
Net Cash Flow	-1,024	866	407	-9,578	9,659
Free Cash Flow	70,583	128,610	26,292	42,822	58,361
Free Cash Flow Growth	-45.12%	389.16%	-38.60%	-26.63%	8.83%
Free Cash Flow Margin	21.72%	42.70%	9.19%	15.09%	21.06%
Free Cash Flow Per Share	26.76	48.32	9.76	15.89	21.66
Cash Interest Paid	17,076	2,762	4,066	3,666	4,418
Cash Income Tax Paid	19,929	18,746	18,700	22,192	19,129
Levered Free Cash Flow	43,259	84,070	3,711	49,075	31,416
Unlevered Free Cash Flow	55,091	95,499	15,036	59,288	40,405
Change in Working Capital	4,740	64,397	-10,445	-44,048	-33,896

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