Zelio E-Mobility 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	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	208.36	160.09	63.09	30.55	12.76
Depreciation & Amortization	14.15	14.07	5.79	2.12	0.25
Other Operating Activities	8.12	20.66	13	6.25	1.13
Change in Accounts Receivable	-6.98	-31.17	-6.26	-7.2	-2.64
Change in Inventory	-103.46	-181.35	-70.34	-6.79	-58.09
Change in Accounts Payable	10.08	6.12	19.03	-8.45	22.65
Change in Other Net Operating Assets	-93.22	-84.09	-13.08	-25.62	-7.34
Operating Cash Flow	37.06	-95.66	11.24	-9.13	-31.27
Capital Expenditures	-84.27	-48.65	-46.44	-43.74	-4.94
Other Investing Activities	0.03	0.03	0	0	0
Investing Cash Flow	-84.24	-48.62	-46.44	-43.74	-4.94
Short-Term Debt Issued	-	139.86	18.21	29.98	22.38
Long-Term Debt Issued	-	72.1	37.97	34.22	14.94
Total Debt Issued	142.32	211.96	56.18	64.2	37.33
Long-Term Debt Repaid	-	-46.27	-10.98	-5.66	-
Net Debt Issued (Repaid)	72.67	165.69	45.2	58.53	37.33
Issuance of Common Stock	-	-	-	-	0.3
Other Financing Activities	-22.72	-18.77	-10.48	-4.94	-1.15
Financing Cash Flow	49.95	146.93	34.73	53.59	36.48
Net Cash Flow	2.77	2.64	-0.47	0.72	0.27
Free Cash Flow	-47.21	-144.31	-35.2	-52.87	-36.21
Free Cash Flow Margin	-2.03%	-8.38%	-3.73%	-10.32%	-28.08%
Free Cash Flow Per Share	-2.85	-8.73	-2.13	-3.20	-1206.96
Cash Interest Paid	9.62	18.25	10.29	4.43	1.15
Cash Income Tax Paid	62.9	36.72	10.83	5.21	2.66
Levered Free Cash Flow	-	-183.73	-64.46	-67.44	-
Unlevered Free Cash Flow	-	-172.33	-58.02	-64.67	-
Change in Working Capital	-193.57	-290.48	-70.65	-48.06	-45.41

Source: S&P Capital IQ. Standard template. Financial Sources.