Suratwwala Business Group 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	109.98	277.93	211.63	-107.61	61.98
Depreciation & Amortization	4.43	3.41	1.93	1.35	1.83
Loss (Gain) From Sale of Assets	-	-	-0.67	-	-
Asset Writedown & Restructuring Costs	-	0.27	-	-	-
Loss (Gain) From Sale of Investments	-4.48	-5.04	-0.06	-3.55	-
Other Operating Activities	23.74	35.89	36.98	69.21	-0.05
Change in Accounts Receivable	25.84	-61.37	1.19	-120.19	-48.6
Change in Inventory	-257.28	-28.07	-322.33	-	-111.07
Change in Accounts Payable	33.57	13.23	60.82	377.42	4.94
Change in Other Net Operating Assets	16.87	-233.32	-93.69	-369.72	23
Operating Cash Flow	-47.33	2.94	-104.2	-153.09	-67.97
Capital Expenditures	-263.24	-8.62	-	-2.26	-0.95
Sale of Property, Plant & Equipment	-	-	0.93	-	-
Investment in Securities	-83.45	-7.91	245.03	-	-
Other Investing Activities	0.2	0.15	0.09	0.6	-
Investing Cash Flow	-346.49	-16.39	246.05	-1.66	-0.95
Short-Term Debt Issued	-	61.98	-	-	-
Long-Term Debt Issued	595.4	-	-	200.54	1.73
Total Debt Issued	595.4	61.98	-	200.54	1.73
Short-Term Debt Repaid	-244.58	-	-42.17	-8.91	-
Long-Term Debt Repaid	-1.27	-0.84	-77.97	-	-
Total Debt Repaid	-245.85	-0.84	-120.14	-8.91	-
Net Debt Issued (Repaid)	349.55	61.14	-120.14	191.63	1.73
Issuance of Common Stock	-	-	-	-	69
Common Dividends Paid	-	-	-	-6.94	-
Other Financing Activities	-0.18	-0.11	-19.55	-31.5	-
Financing Cash Flow	349.38	61.03	-139.69	153.2	70.73
Miscellaneous Cash Flow Adjustments	-	-0	-0	-	-
Net Cash Flow	-44.44	47.58	2.16	-1.54	1.81
Free Cash Flow	-310.57	-5.68	-104.2	-155.34	-68.92
Free Cash Flow Margin	-87.17%	-0.79%	-16.73%	-1456.00%	-54.05%
Free Cash Flow Per Share	-1.79	-0.03	-0.60	-0.90	-0.45
Cash Interest Paid	0.18	0.11	19.55	31.5	-
Cash Income Tax Paid	19.37	62.97	45.62	-0.04	19.49
Levered Free Cash Flow	-315.69	-325.75	-157.09	366.39	-79.65
Unlevered Free Cash Flow	-322.63	-323.82	-141.6	387.38	-57.52
Change in Working Capital	-181	-309.53	-354.01	-112.49	-131.73

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