Mahanagar Telephone Nigam 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	-33,277	-32,675	-29,151	-26,031	-24,613
Depreciation & Amortization	6,119	6,597	7,241	7,663	8,867
Other Amortization	2.5	66.5	56.8	57	65.9
Loss (Gain) From Sale of Assets	-61.9	-3.1	-13.3	-33.1	-31.7
Asset Writedown & Restructuring Costs	-	0.1	23.6	1,200	97.9
Loss (Gain) on Equity Investments	-18.2	-18.2	-12.4	-11.5	-8.1
Provision & Write-off of Bad Debts	200.3	751.2	1,154	245.9	830.2
Other Operating Activities	28,886	25,938	22,572	18,622	22,239
Change in Accounts Receivable	-671.8	-4.2	-313.9	-276.6	-2,261
Change in Inventory	-4.1	-46.2	12.1	-150	-45.6
Change in Accounts Payable	457.1	1,070	986.5	4,870	-646.2
Change in Other Net Operating Assets	1,766	-374.2	-1,917	882.4	-6,740
Operating Cash Flow	3,399	1,301	638.5	7,037	-2,245
Operating Cash Flow Growth	161.22%	103.76%	-90.93%	-	-
Capital Expenditures	-357.7	-731.3	-436.8	-128.5	-997.4
Investment in Securities	-57.9	1,642	-1,384	1,439	-1,915
Other Investing Activities	128.6	162.8	82.3	734.2	320.4
Investing Cash Flow	-287	1,074	-1,738	2,045	-2,592
Short-Term Debt Issued	25,074	-	-	12,714	-
Long-Term Debt Issued	-	26,647	45,281	-	60,058
Total Debt Issued	25,074	26,647	45,281	12,714	60,058
Short-Term Debt Repaid	-	-4,415	-22,710	-	-36,226
Long-Term Debt Repaid	-3,075	-653.1	-777.5	-965.7	-1,100
Total Debt Repaid	-3,075	-5,068	-23,487	-965.7	-37,325
Net Debt Issued (Repaid)	21,999	21,579	21,793	11,749	22,733
Other Financing Activities	-24,154	-24,767	-20,023	-21,109	-18,591
Financing Cash Flow	-2,155	-3,188	1,771	-9,360	4,142
Miscellaneous Cash Flow Adjustments	-	-0.1	-	-	-
Net Cash Flow	957	-813.2	671.2	-278.2	-695.1
Free Cash Flow	3,041	569.7	201.7	6,909	-3,243
Free Cash Flow Growth	433.75%	182.45%	-97.08%	-	-
Free Cash Flow Margin	41.93%	6.90%	2.09%	60.12%	-23.36%
Free Cash Flow Per Share	4.83	0.90	0.32	10.97	-5.15
Cash Interest Paid	24,154	24,767	20,023	21,109	18,591
Cash Income Tax Paid	-988.8	256.5	134.8	494	-1,911
Levered Free Cash Flow	-8,112	-10,313	-9,188	-3,670	-16,247
Unlevered Free Cash Flow	8,517	5,233	4,721	9,159	-3,358
Change in Working Capital	1,548	645.2	-1,232	5,326	-9,693

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