ICICI Securities 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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Net Income	17,016	19,415	16,967	11,176	13,826	10,677	Upgrade
Depreciation & Amortization, Total	1,269	1,214	835.8	601.3	514.8	463.6	Upgrade
Gain (Loss) On Sale of Investments	-219.3	-277	-112.9	41.6	-201.7	-7.2	Upgrade
Stock-Based Compensation	364.4	468	440.6	249.9	150.9	154.9	Upgrade
Change in Accounts Receivable	994.1	2,664	-2,052	-3,932	710.4	-3,743	Upgrade
Change in Accounts Payable	-5,411	-10,333	14,735	-1,628	511.5	3,338	Upgrade
Change in Other Net Operating Assets	-32,580	-49,622	-103,429	-11,900	-46,707	-32,201	Upgrade
Other Operating Activities	15,844	16,724	10,579	5,227	2,738	1,400	Upgrade
Operating Cash Flow	36.5	-17,787	-56,211	-6,742	-25,975	-16,095	Upgrade
Capital Expenditures	-1,388	-2,100	-2,587	-1,258	-641	-407	Upgrade
Investment in Securities	-	-	-	-	-55.6	-	Upgrade
Other Investing Activities	0.8	0.5	0.4	0.5	0.2	0.2	Upgrade
Investing Cash Flow	-1,661	-2,079	-2,569	-1,248	-687.6	-401.7	Upgrade
Short-Term Debt Issued	-	767,128	553,717	360,877	204,261	107,210	Upgrade
Long-Term Debt Issued	-	-	-	3,834	-	-	Upgrade
Total Debt Issued	868,776	767,128	553,717	364,711	204,261	107,210	Upgrade
Short-Term Debt Repaid	-	-725,320	-479,697	-349,139	-162,644	-87,086	Upgrade
Long-Term Debt Repaid	-	-794.4	-1,404	-337.8	-315.7	-287.5	Upgrade
Total Debt Repaid	-844,740	-726,115	-481,101	-349,477	-162,960	-87,373	Upgrade
Net Debt Issued (Repaid)	24,036	41,013	72,616	15,234	41,301	19,837	Upgrade
Issuance of Common Stock	502.3	758.6	167.5	57.7	113.8	20.3	Upgrade
Common Dividends Paid	-7,008	-5,497	-6,866	-7,263	-7,984	-4,752	Upgrade
Other Financing Activities	-17,914	-16,556	-8,769	-5,369	-2,126	-934.6	Upgrade
Financing Cash Flow	-383.8	19,719	57,149	2,660	31,305	14,170	Upgrade
Net Cash Flow	-2,009	-147.1	-1,631	-5,330	4,642	-2,327	Upgrade
Free Cash Flow	-1,351	-19,887	-58,798	-7,999	-26,616	-16,502	Upgrade
Free Cash Flow Margin	-3.28%	-42.91%	-144.59%	-27.77%	-83.87%	-66.48%	Upgrade
Free Cash Flow Per Share	-4.78	-61.21	-180.97	-24.72	-82.17	-51.12	Upgrade
Cash Interest Paid	18,054	16,716	8,893	5,368	2,125	934.6	Upgrade
Cash Income Tax Paid	6,743	6,627	4,912	3,843	4,628	3,285	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.