TBI Corn Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Net Income	163.64	136.33	101.01	92.89
Depreciation & Amortization	29.77	21.85	8.09	6.16
Other Operating Activities	-29.18	0.37	0.21	-20.97
Change in Accounts Receivable	-254.31	-147.85	-98.4	-122.37
Change in Inventory	-299.71	-194.58	-43.87	-202.78
Change in Accounts Payable	-38.51	9.08	-60.7	68.89
Change in Other Net Operating Assets	647.11	-120.8	65.32	128.9
Operating Cash Flow	218.81	-295.6	-28.34	-49.29
Capital Expenditures	-99.95	-147.07	-78.4	-5.74
Sale of Property, Plant & Equipment	26.74	26.74	-	-
Investment in Securities	-	-	-0.18	-
Other Investing Activities	0.02	-0	0	-
Investing Cash Flow	-73.2	-120.34	-78.57	-5.74
Long-Term Debt Issued	-	-	-	51.57
Long-Term Debt Repaid	-	-33.64	-53.61	-23.55
Net Debt Issued (Repaid)	-43.14	-33.64	-53.61	28.02
Issuance of Common Stock	-	449.4	162	4.11
Other Financing Activities	28.37	-	-	25.08
Financing Cash Flow	-14.77	415.75	108.39	57.21
Miscellaneous Cash Flow Adjustments	-	-	-	-0
Net Cash Flow	130.85	-0.18	1.48	2.19
Free Cash Flow	118.86	-442.67	-106.74	-55.03
Free Cash Flow Margin	4.65%	-20.75%	-6.73%	-3.93%
Free Cash Flow Per Share	6.54	-24.38	-7.98	-4.91
Cash Income Tax Paid	55.43	46.13	34.57	20.97
Levered Free Cash Flow	-368.92	-682.6	-216.81	-
Unlevered Free Cash Flow	-335.6	-653.05	-192.22	-
Change in Working Capital	54.58	-454.15	-137.65	-127.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.