Physicswallah Limited (NSE:PWL)

Physicswallah Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	936.3	-224.9	-2,159	-10,406	-814.4	982.31
Depreciation & Amortization	4,545	4,331	3,622	2,941	749.5	33.91
Other Amortization	42.8	42.8	42.5	42.01	1.6	1.26
Loss (Gain) From Sale of Assets	-9.1	-14.7	-6.8	13.08	1.5	-
Asset Writedown & Restructuring Costs	497.4	298	435.9	1,011	74.7	-
Loss (Gain) From Sale of Investments	-70.1	-419.2	-450.9	-232.96	-45.5	0.32
Loss (Gain) on Equity Investments	-1.5	-2.6	1.2	-	-	-
Stock-Based Compensation	1,689	1,712	893.8	1,413	389.3	-
Provision & Write-off of Bad Debts	147.5	106.3	73.8	47.86	0.5	-
Other Operating Activities	-1,701	-564.8	646.7	5,018	331.5	-17.43
Change in Accounts Receivable	-307.3	-451.1	-189.9	-195.83	19	-2.5
Change in Inventory	-442.5	-335.4	-312.9	-268.83	-169.2	-52.08
Change in Accounts Payable	270.4	608.2	435.9	560.12	383.2	16.91
Change in Other Net Operating Assets	1,735	3,247	2,038	2,177	1,779	-373.07
Operating Cash Flow	7,333	8,332	5,070	2,119	2,701	589.63
Operating Cash Flow Growth	3.79%	64.33%	139.26%	-21.53%	358.00%	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-3,736	-3,217	-1,664	-2,135	-1,392	-147.72
Sale of Property, Plant & Equipment	31.6	40.8	54.2	254.47	0.5	-
Cash Acquisitions	-	-567	-536.4	-176.15	-3,179	-
Sale (Purchase) of Intangibles	-185.7	-213.6	-57.7	-230.01	-66.9	-72.32
Investment in Securities	-27,840	-27,944	-12,794	1,587	-5,890	-726.05
Other Investing Activities	-1,879	-924	-133.8	270.63	-228	16.65
Investing Cash Flow	-33,609	-32,825	-15,132	-429.25	-10,755	-929.43

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	101.7	-	-	1,000	-
Long-Term Debt Repaid	-	-1,674	-1,867	-1,007	-232.9	-
Lease Payments	-1,883	-1,674	-1,143	-745.58	-208.5	-
Net Debt Issued (Repaid)	-1,832	-1,572	-1,867	-1,007	767.1	-
Issuance of Common Stock	29,984	29,974	5.6	-	-	-
Other Financing Activities	-748.6	-850.8	-743.3	-639.99	-200.3	-
Financing Cash Flow	27,403	27,551	10,068	-1,647	8,478	-

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	1,127	3,058	5.5	43.39	422.9	-339.8

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	3,597	5,115	3,406	-15.6	1,308	441.91
Free Cash Flow Growth	-27.46%	50.19%	-	-	196.01%	-
Free Cash Flow Margin	8.38%	13.12%	11.78%	-0.08%	17.57%	18.96%
Free Cash Flow Per Share	1.10	1.87	1.35	-0.01	21.80	7.37
Levered Free Cash Flow	-20,230	4,780	3,637	2,455	2,219	-
Unlevered Free Cash Flow	-19,733	5,316	4,106	2,856	2,348	-
Free Cash Flow After Leases	1,714	3,441	2,263	-761.18	1,100	441.91

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	748.7	850.9	743.3	639.99	200.3	-
Cash Income Tax Paid	1,044	304.8	18.6	59.73	258.5	334.36
Change in Working Capital	1,256	3,069	1,972	2,272	2,012	-410.74

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

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