Baazar Style 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	146.63	219.43	51.02	-80.07	-182.71
Depreciation & Amortization	991.01	728.94	607.4	525.36	474.59
Other Amortization	7.91	5.6	4.46	5.11	7.82
Loss (Gain) From Sale of Assets	28.08	12.75	14.16	8.68	7.18
Other Operating Activities	652.25	464.53	327.83	230.47	217.17
Change in Inventory	-957.54	-1,160	-365.35	-787.28	293.33
Change in Accounts Payable	490.41	957.59	-141.64	321.23	-237.35
Change in Other Net Operating Assets	-831.83	-111.75	-168.82	-67.63	-105.88
Operating Cash Flow	526.91	1,117	329.05	155.86	474.14
Operating Cash Flow Growth	-52.83%	239.46%	111.12%	-67.13%	-24.96%
Capital Expenditures	-1,073	-846.52	-434.14	-269.11	-88.94
Sale of Property, Plant & Equipment	45.68	0.28	3.03	2.94	-
Other Investing Activities	0.1	0.09	0.88	0.92	0.14
Investing Cash Flow	-1,027	-846.16	-430.23	-265.26	-88.8
Short-Term Debt Issued	37.39	535.59	102.6	278.7	97.36
Long-Term Debt Issued	218.63	193.21	113.6	-	-
Total Debt Issued	256.02	728.79	216.2	278.7	97.36
Long-Term Debt Repaid	-1,326	-791.88	-650.7	-297.64	-376.58
Total Debt Repaid	-1,326	-791.88	-650.7	-297.64	-376.58
Net Debt Issued (Repaid)	-1,070	-63.08	-434.49	-18.95	-279.22
Issuance of Common Stock	1,752	-	447.82	622.22	-
Other Financing Activities	-140.68	-118.32	-90.49	-318.02	-86.01
Financing Cash Flow	541.23	-181.4	-77.16	285.25	-365.22
Net Cash Flow	40.68	89.44	-178.33	175.86	20.11
Free Cash Flow	-546.33	270.48	-105.08	-113.25	385.2
Free Cash Flow Growth	-	-	-	-	5.60%
Free Cash Flow Margin	-4.07%	2.78%	-1.33%	-2.05%	9.02%
Free Cash Flow Per Share	-7.52	3.87	-1.56	-1.86	6.32
Cash Interest Paid	140.68	118.32	90.49	318.02	86.01
Cash Income Tax Paid	123.1	28.07	54.35	16.77	1.08
Levered Free Cash Flow	-921.88	-166.73	-431.3	-341.69	229.67
Unlevered Free Cash Flow	-491.87	139.99	-176.03	-121.04	440.51
Change in Working Capital	-1,299	-314.25	-675.81	-533.69	-49.91

Source: S&P Global Market Intelligence. Standard template. Financial Sources.