JSW Infrastructure 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	15,233	15,031	11,559	7,398	3,279
Depreciation & Amortization	6,141	5,458	4,357	3,905	3,604
Other Amortization	-	8	7.8	7	91.4
Loss (Gain) From Sale of Assets	3.9	-3.5	29.6	23.7	-12.05
Loss (Gain) From Sale of Investments	-101.2	-793.8	-309.4	-47.3	-
Stock-Based Compensation	231.8	636	1,489	1,068	508.07
Other Operating Activities	1,910	628.4	2,041	3,666	3,215
Change in Accounts Receivable	-2,126	-728.6	-2,484	1,990	-1,195
Change in Inventory	-135.3	-193.2	-95.8	-167.5	137.43
Change in Accounts Payable	231.3	-357.4	-288.1	267.9	596.52
Change in Other Net Operating Assets	-1,175	1,320	1,727	-138.2	1,539
Operating Cash Flow	20,215	21,004	18,032	17,972	11,762
Operating Cash Flow Growth	-3.76%	16.48%	0.33%	52.80%	18.79%
Capital Expenditures	-24,916	-20,756	-2,487	-2,794	-5,091
Sale of Property, Plant & Equipment	32.5	9.5	2.3	103.1	22.74
Cash Acquisitions	-	-9,644	-18,595	-2,618	-
Investment in Securities	1,426	10,893	-22,357	-5,232	-3,477
Other Investing Activities	2,836	2,529	1,390	1,715	531.73
Investing Cash Flow	-20,622	-16,969	-42,047	-8,826	-8,013
Short-Term Debt Issued	11,083	10,501	25.2	678.9	1,500
Long-Term Debt Issued	17,419	1,163	10,002	-	33,608
Total Debt Issued	28,501	11,664	10,027	678.9	35,108
Short-Term Debt Repaid	-10,194	-10,587	-735.7	-2,362	-108.92
Long-Term Debt Repaid	-11,006	-1,791	-9,278	-3,693	-31,345
Total Debt Repaid	-21,201	-12,378	-10,014	-6,056	-31,454
Net Debt Issued (Repaid)	7,301	-714.3	13.7	-5,377	3,654
Issuance of Common Stock	-	-	28,000	-	-
Repurchase of Common Stock	-	-	-47.7	-143.7	-7.8
Common Dividends Paid	-1,680	-1,155	-	-	-
Other Financing Activities	-3,349	-3,344	-2,927	-2,727	-3,621
Financing Cash Flow	2,272	-5,213	25,039	-8,247	25.53
Miscellaneous Cash Flow Adjustments	-	56.4	22.9	-	0.01
Net Cash Flow	1,865	-1,121	1,047	898.8	3,775
Free Cash Flow	-4,701	248.7	15,545	15,179	6,672
Free Cash Flow Growth	-	-98.40%	2.41%	127.51%	-
Free Cash Flow Margin	-8.77%	0.56%	41.22%	47.39%	29.24%
Free Cash Flow Per Share	-2.25	0.12	7.90	8.24	3.69
Cash Interest Paid	3,270	3,065	2,479	2,727	3,621
Cash Income Tax Paid	3,466	2,736	2,476	1,807	1,222
Levered Free Cash Flow	-10,984	-3,382	8,357	12,674	1,892
Unlevered Free Cash Flow	-8,756	-1,551	10,063	14,150	3,945
Change in Working Capital	-3,204	41	-1,141	1,952	1,077

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