MSP Steel & Power 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	-283.55	143.59	-505.8	256.98	48.94
Depreciation & Amortization	537.47	554.11	540.8	544.72	554.92
Loss (Gain) From Sale of Assets	-	-	-	-0.34	-0.12
Loss (Gain) From Sale of Investments	-	-0.48	-3.08	-	-
Loss (Gain) on Equity Investments	-0.5	-0.11	-31.43	-0.06	0.76
Provision & Write-off of Bad Debts	0.67	-307.51	22.01	24.44	114.69
Other Operating Activities	1,069	871.16	714.92	691.94	826.05
Change in Accounts Receivable	270.13	543.64	715.21	-1,176	38.58
Change in Inventory	160.86	-65.95	-263.21	-808.27	1,471
Change in Accounts Payable	139.14	-22.47	-333.17	1,554	-1,277
Change in Other Net Operating Assets	-0.12	-12.08	1.74	13.83	5.58
Operating Cash Flow	1,893	1,704	857.99	1,101	1,783
Operating Cash Flow Growth	11.09%	98.59%	-22.07%	-38.25%	130.64%
Capital Expenditures	-324.51	-457	-537.35	-256.14	-42.22
Sale of Property, Plant & Equipment	-	-	-	0.5	0.12
Investment in Securities	-	1.29	-	-	-
Other Investing Activities	-13.81	-39.82	345.47	-365.85	31.02
Investing Cash Flow	-338.31	-495.53	-191.87	-621.49	-11.08
Short-Term Debt Issued	-	83.45	-	749.52	-
Total Debt Issued	-	83.45	-	749.52	-
Short-Term Debt Repaid	-244.13	-	-56.43	-	-844.84
Long-Term Debt Repaid	-680.18	-687.77	-503.93	-443.09	-324.64
Total Debt Repaid	-924.3	-687.77	-560.36	-443.09	-1,169
Net Debt Issued (Repaid)	-924.3	-604.32	-560.36	306.43	-1,169
Other Financing Activities	-850.81	-452.89	-478.99	-415.5	-604.59
Financing Cash Flow	-1,775	-1,057	-1,039	-109.07	-1,774
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	-220.61	151.16	-373.24	370.44	-2.03
Free Cash Flow	1,568	1,247	320.64	844.86	1,741
Free Cash Flow Growth	25.78%	288.87%	-62.05%	-51.47%	132.88%
Free Cash Flow Margin	5.40%	4.34%	1.26%	3.61%	10.10%
Free Cash Flow Per Share	3.41	2.99	0.83	2.03	4.52
Cash Interest Paid	849.12	452.89	369.02	368.08	567.55
Cash Income Tax Paid	30.17	32.26	25.74	24.03	1.57
Levered Free Cash Flow	1,031	50.99	152.92	-294.24	866.87
Unlevered Free Cash Flow	1,322	524.85	587.37	139.21	1,339
Change in Working Capital	570.01	443.14	120.57	-416.67	237.88

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