Kalyani Steels Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,562	2,488	1,670	2,441	1,903
Depreciation & Amortization	632.87	606.58	487.98	454.92	432.42
Other Amortization	1.01	0.93	1.04	3.84	9.09
Loss (Gain) From Sale of Assets	-	-	-0.33	-	-0.11
Loss (Gain) From Sale of Investments	-20.45	-23.23	-6.01	-3.16	-31.2
Provision & Write-off of Bad Debts	-	1.23	-	0.05	5.54
Other Operating Activities	-288.15	-142.32	-158.16	-474.99	-338.53
Change in Accounts Receivable	-105.22	-162.61	117.39	-686.32	-134.45
Change in Inventory	-122.17	1,215	-1,063	-986.66	70.23
Change in Accounts Payable	978.86	-494.64	-1,945	2,303	-702.31
Change in Other Net Operating Assets	179.22	-263.11	-361.75	567.32	-591.61
Operating Cash Flow	3,818	3,225	-1,257	3,619	621.88
Operating Cash Flow Growth	18.38%	-	-	482.01%	-75.79%
Capital Expenditures	-251.09	-5,758	-1,114	-1,747	-160.19
Sale of Property, Plant & Equipment	1.5	-	0.33	-	0.15
Investment in Securities	-1,537	1,893	2,136	-3,373	-2,401
Other Investing Activities	437.41	448.89	509.77	380.7	301.56
Investing Cash Flow	-1,350	-3,040	1,531	-4,739	-2,259
Short-Term Debt Issued	35,249	9,921	-	-	-
Long-Term Debt Issued	-	-	11,435	1,690	1,686
Total Debt Issued	35,249	9,921	11,435	1,690	1,686
Short-Term Debt Repaid	-35,168	-8,634	-	-	-
Long-Term Debt Repaid	-1,667	-611.69	-10,914	-	-
Total Debt Repaid	-36,835	-9,245	-10,914	-	-
Net Debt Issued (Repaid)	-1,586	675.17	520.84	1,690	1,686
Common Dividends Paid	-436.53	-436.53	-436.53	-327.41	-
Other Financing Activities	-496.53	-335.39	-474.79	-134.64	-82.38
Financing Cash Flow	-2,519	-96.75	-390.48	1,228	1,603
Net Cash Flow	-50.62	88.4	-116.41	108.1	-33.65
Free Cash Flow	3,567	-2,533	-2,372	1,872	461.69
Free Cash Flow Growth	-	-	-	305.50%	-79.27%
Free Cash Flow Margin	18.00%	-12.93%	-12.49%	10.97%	3.89%
Free Cash Flow Per Share	81.72	-58.02	-54.33	42.89	10.58
Cash Interest Paid	496.53	335.39	474.79	134.64	82.38
Cash Income Tax Paid	845.06	778.1	635.63	883.24	652.29
Levered Free Cash Flow	3,110	-3,778	-3,613	946.79	868.43
Unlevered Free Cash Flow	3,221	-3,620	-3,442	1,017	892.14
Change in Working Capital	930.69	294.35	-3,252	1,197	-1,358

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