Spencer's Retail 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	-2,464	-2,662	-2,104	-1,215	-1,639
Depreciation & Amortization	1,403	1,295	1,288	1,223	1,317
Other Amortization	22.32	29.39	29.23	34.34	25.53
Loss (Gain) From Sale of Assets	-44.37	24.77	8.71	7.16	-
Loss (Gain) From Sale of Investments	-38.71	-46.58	-16.08	-396.41	-196.24
Provision & Write-off of Bad Debts	37.71	-2.39	6.03	-1.17	311.73
Other Operating Activities	994.84	1,288	1,037	794.76	677.65
Change in Accounts Receivable	32.61	-52.92	62.66	32.51	55.35
Change in Inventory	1,033	3.65	-1.15	76.96	-250.79
Change in Accounts Payable	-676.42	410.37	102.14	24.59	-440.8
Change in Unearned Revenue	-89.47	41.96	1.64	34.17	39.48
Change in Other Net Operating Assets	163.31	20.99	-146.74	-69.44	75.74
Operating Cash Flow	374.14	350.83	267.41	546.02	-24.28
Operating Cash Flow Growth	6.64%	31.20%	-51.03%	-	-
Capital Expenditures	-219.98	-356.31	-261.45	-247.71	-228.39
Sale of Property, Plant & Equipment	56.63	36.72	8.96	7.59	-
Cash Acquisitions	-	-	-	-	-12.68
Investment in Securities	-41.19	429.27	-5.23	-162.37	44.22
Other Investing Activities	2.13	2.86	1.61	0.88	13.93
Investing Cash Flow	-202.4	112.55	-256.1	-401.61	-182.92
Short-Term Debt Issued	527.08	669.51	1,046	389.16	745.61
Long-Term Debt Issued	2,230	1,899	1,145	885.01	103.97
Total Debt Issued	2,757	2,569	2,191	1,274	849.58
Long-Term Debt Repaid	-1,379	-1,379	-1,089	-858.45	-750.34
Total Debt Repaid	-1,379	-1,379	-1,089	-858.45	-750.34
Net Debt Issued (Repaid)	1,378	1,190	1,103	415.72	99.24
Issuance of Common Stock	-	-	-	-	794.83
Other Financing Activities	-1,647	-1,470	-1,151	-960.68	-927.51
Financing Cash Flow	-269.41	-280.47	-48.14	-544.96	-33.43
Net Cash Flow	-97.68	182.91	-36.84	-400.55	-240.64
Free Cash Flow	154.16	-5.48	5.95	298.32	-252.67
Free Cash Flow Growth	-	-	-98.00%	-	-
Free Cash Flow Margin	0.77%	-0.02%	0.02%	1.30%	-1.04%
Free Cash Flow Per Share	1.71	-0.06	0.07	3.31	-2.92
Cash Interest Paid	1,647	1,470	1,151	960.68	905.32
Cash Income Tax Paid	-15.6	-16.86	-147.13	-7.54	42.5
Levered Free Cash Flow	-914.14	-595.42	-641.31	-94.56	-473.41
Unlevered Free Cash Flow	57.39	275.2	28.26	473.74	46.95
Change in Working Capital	462.7	424.05	18.54	98.78	-521.01

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