The Sandesh Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	503.45	771.22	1,886	1,014	898.25	899.83
Depreciation & Amortization	71.65	73.14	66.17	58.75	64.25	69.36
Other Amortization	0.06	0.06	0.11	0.02	-	-
Loss (Gain) From Sale of Assets	-5.28	-4.75	-1.26	-19.58	-23.02	-15.28
Loss (Gain) From Sale of Investments	353.16	-252.14	-1,530	-247.69	-173.56	-428.44
Other Operating Activities	-338.19	-96.46	176.04	-69.4	-107.07	-2.75
Change in Accounts Receivable	-292.45	-108.7	-29.62	-42.79	89.32	167.38
Change in Inventory	-89.22	-101.03	-8.65	162.32	-107.87	-84.82
Change in Accounts Payable	-13.59	-2.26	-31.76	-52.36	-330.75	381.17
Change in Other Net Operating Assets	73.83	394.67	1,012	33.65	-86.32	-498.75
Operating Cash Flow	263.43	673.75	1,539	837.07	223.24	487.7
Operating Cash Flow Growth	-84.14%	-56.22%	83.83%	274.96%	-54.23%	-
Capital Expenditures	-65.67	-31.72	-47.34	-28.43	-5.53	-5.18
Sale of Property, Plant & Equipment	6.3	6.69	1.74	23.81	24.61	34.46
Investment in Securities	-506.74	-1,179	-1,382	-1,188	212.33	-472.84
Other Investing Activities	138.26	119.29	125.89	136.4	95.16	38.8
Investing Cash Flow	-427.86	-1,085	-1,301	-1,056	326.57	-404.77
Short-Term Debt Repaid	-	-	-	-1	-	-
Total Debt Repaid	-	-	-	-1	-	-
Net Debt Issued (Repaid)	-	-	-	-1	-	-
Common Dividends Paid	-37.85	-18.92	-37.85	-37.85	-37.85	-37.85
Other Financing Activities	-1.91	-2.04	-2.57	-1.5	-2	-4.61
Financing Cash Flow	-39.75	-20.96	-40.41	-40.34	-39.85	-42.46
Net Cash Flow	-204.19	-432.34	197.12	-259.14	509.97	40.47
Free Cash Flow	197.75	642.03	1,491	808.64	217.71	482.52
Free Cash Flow Growth	-87.72%	-56.95%	84.44%	271.42%	-54.88%	-
Free Cash Flow Margin	6.90%	19.37%	30.58%	21.30%	6.48%	15.04%
Free Cash Flow Per Share	26.13	84.82	197.05	106.83	28.76	63.75
Cash Interest Paid	1.91	2.04	2.57	1.5	2	4.61
Cash Income Tax Paid	215.85	194.87	222.63	255.75	297.23	241.09
Levered Free Cash Flow	405.53	917.19	1,415	1,075	474.94	1,784
Unlevered Free Cash Flow	406.72	918.46	1,417	1,076	476.19	1,787
Change in Working Capital	-321.44	182.69	941.84	100.83	-435.61	-35.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.