Race Eco Chain 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	38.93	15.49	13.05	9.17	9.97
Depreciation & Amortization	8.67	8.02	4.43	3.3	2.33
Other Amortization	0.03	-	-	-	-
Loss (Gain) From Sale of Assets	-2.83	-	-0.01	-4.86	2.52
Loss (Gain) From Sale of Investments	-	-	-	-0.24	-7.61
Other Operating Activities	46.88	37.03	12.33	-6.81	3.85
Change in Accounts Receivable	-643.01	-184.57	-194.35	-26.43	-82.57
Change in Inventory	-2.77	-3.48	-3.22	41.43	-6.48
Change in Accounts Payable	192.18	50.46	42.1	22.38	42.14
Change in Income Taxes	-1.96	-0.31	-2.77	-	-
Change in Other Net Operating Assets	-62.57	-7.92	-17.44	10.72	-15.13
Operating Cash Flow	-426.45	-85.28	-145.87	48.65	-50.99
Capital Expenditures	-88.65	-34.77	-	-37.5	-2.31
Sale of Property, Plant & Equipment	81.43	-	0.13	25	1.93
Cash Acquisitions	-156.63	-14.12	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.58	-
Investment in Securities	-17.99	-4.15	4.11	-51.11	90.23
Other Investing Activities	66.38	-51.26	-7.25	6.62	7.74
Investing Cash Flow	-150.36	-182.06	66.47	-57.57	97.58
Short-Term Debt Issued	244.22	217.69	104.47	-	-
Long-Term Debt Issued	-	54.35	1.97	2.26	0
Total Debt Issued	244.22	272.04	106.44	2.26	0
Short-Term Debt Repaid	-	-	-	-17.53	-0.72
Long-Term Debt Repaid	-53.26	-1.97	-	-0.48	-
Total Debt Repaid	-53.26	-1.97	-	-18	-0.72
Net Debt Issued (Repaid)	190.96	270.07	106.44	-15.74	-0.72
Issuance of Common Stock	462.44	-	-	-	-
Other Financing Activities	-42.41	-29.35	-7.03	-4.17	-6.34
Financing Cash Flow	610.99	240.72	99.41	-19.91	-7.07
Miscellaneous Cash Flow Adjustments	-0	-	-0	-	-
Net Cash Flow	34.18	-26.62	20.01	-28.83	39.53
Free Cash Flow	-515.1	-120.05	-145.87	11.15	-53.3
Free Cash Flow Margin	-9.28%	-3.45%	-5.42%	0.71%	-9.08%
Free Cash Flow Per Share	-30.12	-7.12	-8.88	0.68	-3.24
Cash Interest Paid	29.48	26.75	6.95	3.93	6.12
Cash Income Tax Paid	-	-	-	5.88	-
Levered Free Cash Flow	-462.56	-232.27	-89.41	-40.06	-119.86
Unlevered Free Cash Flow	-437.06	-214.96	-85.06	-37.61	-116.03
Change in Working Capital	-518.13	-145.82	-175.68	48.1	-62.04

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