Pavna Industries 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	73.71	105.61	83.58	79.51	48.24
Depreciation & Amortization	130.45	107.03	118.13	91.91	59.91
Loss (Gain) From Sale of Assets	-7.31	-0.38	-7.15	-5.85	-
Asset Writedown & Restructuring Costs	-	-	-	-	0.08
Other Operating Activities	98.29	129.27	113.74	107.83	62.06
Change in Accounts Receivable	124.31	-93.14	-33.26	-118.37	-86.68
Change in Inventory	-166.72	-53.03	-145.45	-454.57	-184.6
Change in Accounts Payable	-181.52	-141.55	126.38	49.73	127.93
Change in Other Net Operating Assets	-8.25	1.16	-71.25	37.12	-135.14
Operating Cash Flow	62.98	54.96	184.72	-212.68	-108.2
Operating Cash Flow Growth	14.59%	-70.25%	-	-	-
Capital Expenditures	-311.04	-206.43	-247.41	-319.39	-113.85
Sale of Property, Plant & Equipment	28.56	2.33	16.35	11	-
Divestitures	-	25.5	-	-	-
Other Investing Activities	4.03	0.09	0.23	0.15	0.18
Investing Cash Flow	-278.45	-178.52	-230.82	-308.24	-113.67
Long-Term Debt Issued	-	237.75	168.6	618.99	122.63
Long-Term Debt Repaid	-863.9	-4.67	-6	-5.3	-1.48
Net Debt Issued (Repaid)	-863.9	233.08	162.61	613.69	121.15
Issuance of Common Stock	1,194	-	-	-	148.9
Common Dividends Paid	-	-	-12.18	-	-
Other Financing Activities	-106.35	-110.77	-104.47	-92.08	-59.04
Financing Cash Flow	223.9	122.31	45.96	521.61	211
Miscellaneous Cash Flow Adjustments	0	-	-0	-0	0
Net Cash Flow	8.43	-1.25	-0.15	0.68	-10.86
Free Cash Flow	-248.06	-151.47	-62.69	-532.07	-222.04
Free Cash Flow Margin	-8.04%	-4.78%	-1.73%	-16.85%	-10.11%
Free Cash Flow Per Share	-1.99	-1.24	-0.69	-4.37	-2.34
Cash Interest Paid	106.35	110.77	104.47	92.08	59.04
Cash Income Tax Paid	43.4	34.73	30.11	33.26	36.07
Levered Free Cash Flow	-322.03	-95.21	-185.98	-632.99	-217.97
Unlevered Free Cash Flow	-258.13	-29.89	-120.81	-581.67	-183.25
Change in Working Capital	-232.17	-286.56	-123.59	-486.09	-278.49

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