Master Trust 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	1,261	1,312	1,081	658.87	551.75
Depreciation & Amortization, Total	43.2	37.38	35.95	26.23	19.7
Gain (Loss) On Sale of Investments	-75.9	-183.15	-18.22	-46.31	-204.55
Change in Accounts Receivable	-237.2	-355.83	-753.66	61.04	102.12
Change in Accounts Payable	538	-999.12	3,664	646.7	2,012
Change in Other Net Operating Assets	1,447	-205.97	547.4	284.83	-2,442
Other Operating Activities	31.5	-17.55	80.34	-9.33	2
Operating Cash Flow	3,112	-370.81	4,579	1,768	-153.36
Capital Expenditures	-34.5	-34.85	-50.74	-46.76	-39.68
Investment in Securities	-104.2	-0.69	-0.21	70.52	98.16
Other Investing Activities	-3,108	569.74	-4,876	-1,665	-
Investing Cash Flow	-3,247	537.27	-4,926	-1,640	59.9
Other Financing Activities	564.4	183.75	249.38	-	-
Financing Cash Flow	564.4	183.75	249.38	-	-
Net Cash Flow	429.2	350.21	-97.88	128.57	-93.46
Free Cash Flow	3,077	-405.66	4,528	1,721	-193.04
Free Cash Flow Growth	-	-	163.04%	-	-
Free Cash Flow Margin	59.58%	-7.67%	100.81%	55.52%	-6.49%
Free Cash Flow Per Share	25.87	-3.46	40.99	15.83	-1.77
Cash Interest Paid	-	31.57	38.23	7.87	10.59
Cash Income Tax Paid	434.8	492.67	329.43	198.18	165.74

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