Subex Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	285.3	-314.4	-1,917	-512.1	209.9
Depreciation & Amortization	120.8	140.8	155.5	139.6	98.7
Other Amortization	-	0.4	0.4	0.3	0.1
Loss (Gain) From Sale of Assets	2.9	-41.2	0.1	-0.3	-
Asset Writedown & Restructuring Costs	-	-	1,480	-	-
Loss (Gain) From Sale of Investments	-13.9	-3.7	-6	-6.2	-2.2
Stock-Based Compensation	1.1	8.9	12.3	23.1	13.7
Provision & Write-off of Bad Debts	30.4	211	62	199.1	53.6
Other Operating Activities	160.3	19	29.3	25.2	-184.1
Change in Accounts Receivable	-168.9	40.9	-195.9	-32.8	-2.7
Change in Accounts Payable	110.3	-46.3	128.2	-74.7	32.9
Change in Other Net Operating Assets	186.8	82.1	169.1	330.9	-300.9
Operating Cash Flow	715.1	97.5	-82.8	92.1	-81
Operating Cash Flow Growth	633.44%	-	-	-	-
Capital Expenditures	-39.7	-24.1	-27.3	-49.3	-54
Sale of Property, Plant & Equipment	-	0.8	0.9	0.4	-
Investment in Securities	-81.7	-77.8	55.1	-15.9	-114.3
Other Investing Activities	-206.3	-48.6	317.5	-312.9	-185.1
Investing Cash Flow	-327.7	-149.7	346.2	-377.7	-353.4
Long-Term Debt Repaid	-64.9	-100.9	-89.5	-53.2	-38.9
Total Debt Repaid	-64.9	-100.9	-89.5	-53.2	-38.9
Net Debt Issued (Repaid)	-64.9	-100.9	-89.5	-53.2	-38.9
Issuance of Common Stock	8.7	-	20.3	10.1	44
Common Dividends Paid	-	-	-0.1	-	-140.5
Other Financing Activities	-31.1	-19.6	-24.1	-22	-17.8
Financing Cash Flow	-87.3	-120.5	-93.4	-65.1	-153.2
Foreign Exchange Rate Adjustments	15.3	4	-1.5	20.6	12.1
Net Cash Flow	315.4	-168.7	168.5	-330.1	-575.5
Free Cash Flow	675.4	73.4	-110.1	42.8	-135
Free Cash Flow Growth	820.16%	-	-	-	-
Free Cash Flow Margin	21.73%	2.57%	-3.55%	1.54%	-4.05%
Free Cash Flow Per Share	1.21	0.13	-0.20	0.08	-0.24
Cash Interest Paid	-	19.6	24.1	22	17.8
Cash Income Tax Paid	-	85.6	139.3	44.9	227.8
Levered Free Cash Flow	34.34	143.18	108.2	233.89	-49.79
Unlevered Free Cash Flow	54.78	155.43	123.26	247.83	-38.6
Change in Working Capital	128.2	76.7	101.4	223.4	-270.7

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