Master Trust 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	2016 - 2020
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	2016 - 2020
Net Income	1,312	1,081	658.87	551.75	343.71	Upgrade
Depreciation & Amortization, Total	37.4	35.95	26.23	19.7	13.15	Upgrade
Gain (Loss) On Sale of Investments	-183.1	-18.22	-46.31	-204.55	-62.8	Upgrade
Change in Accounts Receivable	-355.8	-753.66	61.04	102.12	-307.9	Upgrade
Change in Accounts Payable	-999.1	3,664	646.7	2,012	2,037	Upgrade
Change in Other Net Operating Assets	-206	547.4	284.83	-2,442	-2,332	Upgrade
Other Operating Activities	-17.7	80.34	-9.33	2	15.61	Upgrade
Operating Cash Flow	-370.8	4,579	1,768	-153.36	-244.82	Upgrade
Capital Expenditures	-34.8	-50.74	-46.76	-39.68	-16.3	Upgrade
Investment in Securities	-0.7	-0.21	70.52	98.16	125.64	Upgrade
Other Investing Activities	569.7	-4,876	-1,665	-	-	Upgrade
Investing Cash Flow	537.3	-4,926	-1,640	59.9	117.15	Upgrade
Other Financing Activities	183.7	249.38	-	-	-	Upgrade
Financing Cash Flow	183.7	249.38	-	-	-	Upgrade
Net Cash Flow	350.2	-97.88	128.57	-93.46	-127.67	Upgrade
Free Cash Flow	-405.6	4,528	1,721	-193.04	-261.12	Upgrade
Free Cash Flow Growth	-	163.04%	-	-	-	Upgrade
Free Cash Flow Margin	-7.75%	100.81%	55.52%	-6.49%	-12.66%	Upgrade
Free Cash Flow Per Share	-3.46	40.99	15.83	-1.77	-2.40	Upgrade
Cash Interest Paid	-	38.23	7.87	10.59	6.08	Upgrade
Cash Income Tax Paid	492.7	329.43	198.18	165.74	61.14	Upgrade

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