Happy Square Outsourcing Services Limited (NSE:WHITEFORCE)

NSE:WHITEFORCE Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	59.45	40.57	20.09	2.8	2.31
Depreciation & Amortization	1.51	1.64	1.56	0.95	0.48
Other Amortization	3.01	0.19	-	-	-
Other Operating Activities	11.04	5.16	8.85	0.37	0.69
Change in Accounts Receivable	-76.9	-75.49	-16.16	-17.45	-34.42
Change in Accounts Payable	-6.46	-10.91	6.39	15.92	2.44
Change in Other Net Operating Assets	-8.07	18.98	-29.28	-0.25	39.69
Operating Cash Flow	-16.43	-19.87	-8.54	2.33	11.18
Operating Cash Flow Growth	-	-	-	-79.11%	-
Capital Expenditures	-14.67	-18.95	-1.94	-2.33	-2.45
Investment in Securities	-0.22	-0.1	-5.97	-4.29	-0.38
Other Investing Activities	1.3	2.04	0.73	0.16	0.02
Investing Cash Flow	-3.9	-17.7	-17.61	-6.46	-2.81
Short-Term Debt Issued	35.88	39.97	30.21	-	-
Long-Term Debt Issued	0.24	4.13	-	0.93	-
Total Debt Issued	36.12	44.1	30.21	0.93	-
Long-Term Debt Repaid	-	-	-2.77	-	-
Net Debt Issued (Repaid)	36.12	44.1	27.44	0.93	-
Other Financing Activities	-11.53	-6.57	-3.96	-0.53	-0.07
Financing Cash Flow	24.59	37.54	23.48	0.4	-0.07
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-
Net Cash Flow	4.26	-0.03	-2.67	-3.73	8.3
Free Cash Flow	-31.09	-38.82	-10.48	0	8.73
Free Cash Flow Growth	-	-	-	-99.98%	-
Free Cash Flow Margin	-3.19%	-5.60%	-1.99%	0.00%	7.06%
Free Cash Flow Per Share	-3.70	-	-1.25	-	1.04
Cash Interest Paid	11.53	6.57	3.96	0.53	0.07
Cash Income Tax Paid	20.19	15.79	0.9	0.79	0.09
Levered Free Cash Flow	-51.6	-48.86	-15.92	-9.26	-19.05
Unlevered Free Cash Flow	-45.24	-45.09	-14.05	-9.07	-19.01
Change in Net Working Capital	91.35	67.42	32.14	10.17	18.87

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