STEL Holdings 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	158.68	132.73	122.59	146.08	86.55
Depreciation & Amortization	0.53	0.55	0.47	0.45	0.47
Other Amortization	0.04	0.12	0.07	-	-
Other Operating Activities	0.57	0	4.08	-0.23	-216.35
Change in Accounts Receivable	-	-	-	-	32.32
Change in Accounts Payable	0	0.01	-0.04	-0.04	-0.05
Change in Other Net Operating Assets	272.02	-13.09	10.81	-0.85	-0.04
Operating Cash Flow	431.85	120.33	137.98	145.41	-97.09
Operating Cash Flow Growth	258.89%	-12.79%	-5.11%	-	-
Capital Expenditures	-0.08	-0.49	-0.11	-	-
Sale (Purchase) of Intangibles	-	-	-0.26	-	-
Investment in Securities	-431.37	-121.43	-140.72	-816.99	719
Other Investing Activities	-	-0	-	-	-
Investing Cash Flow	-431.44	-121.92	-141.09	-816.99	719
Net Cash Flow	0.4	-1.59	-3.11	-671.57	621.91
Free Cash Flow	431.77	119.84	137.87	145.41	-97.09
Free Cash Flow Growth	260.29%	-13.08%	-5.18%	-	-
Free Cash Flow Margin	197.09%	64.91%	80.34%	72.49%	-79.14%
Free Cash Flow Per Share	23.40	6.49	7.47	7.88	-5.26
Cash Income Tax Paid	52.86	44.66	37.46	48.48	246.99
Levered Free Cash Flow	153.71	98.07	117.56	116.71	105.96
Unlevered Free Cash Flow	153.71	98.07	117.56	116.71	105.96
Change in Working Capital	272.02	-13.08	10.77	-0.89	32.24

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