Max Estates 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	408.1	-421.63	190.15	49.99
Depreciation & Amortization	340.97	248.19	149.05	106.54
Other Amortization	-	5.83	0.04	0.28
Loss (Gain) From Sale of Assets	-0.07	-	-	0.04
Loss (Gain) From Sale of Investments	-219.6	-91.85	-105.97	-
Stock-Based Compensation	13.36	7.61	10.59	-
Provision & Write-off of Bad Debts	6.99	-	-	-
Other Operating Activities	-788.26	381.68	-153.71	97.62
Change in Accounts Receivable	-43.14	8.54	-43.64	-29.66
Change in Inventory	-17,142	-1,331	-3,730	188.7
Change in Accounts Payable	12,902	765.26	150.54	-118.93
Change in Other Net Operating Assets	6,772	3,134	-1,031	112.51
Operating Cash Flow	2,250	2,707	-4,564	407.08
Operating Cash Flow Growth	-16.88%	-	-	-
Capital Expenditures	-6,772	-3,205	-5,224	-1,288
Sale of Property, Plant & Equipment	2.67	-	-	-
Investment in Securities	-13,677	144.77	4,584	42.89
Other Investing Activities	515.4	143.76	119.03	35.78
Investing Cash Flow	-19,931	-2,917	-521.44	-1,210
Short-Term Debt Issued	-	-	-	89.26
Long-Term Debt Issued	10,623	639.75	8,921	1,218
Total Debt Issued	10,623	639.75	8,921	1,307
Long-Term Debt Repaid	-4,416	-696.15	-3,472	-280.41
Net Debt Issued (Repaid)	6,207	-56.4	5,449	1,027
Issuance of Common Stock	8,009	5.76	2.49	-
Other Financing Activities	3,447	2,391	-238.49	-247.18
Financing Cash Flow	17,664	2,341	5,213	779.83
Net Cash Flow	-17.16	2,131	127.92	-22.59
Free Cash Flow	-4,522	-498.13	-9,788	-881.09
Free Cash Flow Margin	-181.12%	-41.73%	-753.36%	-119.91%
Free Cash Flow Per Share	-18.84	-3.39	-66.22	-11.31
Cash Interest Paid	633.76	667.38	423.61	247.18
Cash Income Tax Paid	719.34	62.88	322.46	44.06
Levered Free Cash Flow	-11,202	-372.52	-8,488	-
Unlevered Free Cash Flow	-10,815	-106.42	-8,379	-
Change in Net Working Capital	5,019	-2,720	3,561	-

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.