Bajaj Finance 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	166,378	144,512	115,077	70,282	44,198
Depreciation & Amortization	6,031	4,734	3,434	3,846	2,488
Other Amortization	2,779	2,099	1,420	-	764.4
Gain on Sale of Loans & Receivables	-5,520	-133.3	-231.7	-	-
Loss (Gain) From Sale of Investments	74,270	43,224	28,553	44,757	-5,651
Provision for Credit Losses	-	-	-	-	59,425
Loss (Gain) on Equity Investments	-178.1	-76.4	-16.7	-	-
Stock-Based Compensation	3,940	2,682	2,244	1,612	1,248
Change in Accounts Payable	-1,860	6,119	2,929	2,741	1,223
Change in Trading Asset Securities	-14,292	19,728	-	-	-
Change in Other Net Operating Assets	-925,549	-921,164	-565,192	-504,499	-96,173
Other Operating Activities	12,101	-283.9	-9,468	10,114	-15,664
Operating Cash Flow	-681,545	-698,433	-421,118	-370,899	-8,073
Capital Expenditures	-5,841	-6,036	-4,859	-3,756	-1,387
Sale of Property, Plant & Equipment	363.9	388.9	198.1	191.4	113.9
Sale (Purchase) of Intangibles	-4,978	-4,342	-3,924	-2,586	-1,708
Investment in Securities	-17,209	-90,891	-101,421	65,612	-3,572
Other Investing Activities	12.8	-	6,067	4,006	2,267
Investing Cash Flow	-27,650	-100,880	-103,939	63,468	-4,286
Short-Term Debt Issued	87,876	220,235	79,237	46,718	31,485
Long-Term Debt Issued	849,671	726,663	668,604	417,910	-
Total Debt Issued	937,548	946,898	747,840	464,628	31,485
Long-Term Debt Repaid	-392,411	-345,499	-366,171	-185,415	-56,811
Net Debt Issued (Repaid)	545,136	601,399	381,670	279,213	-25,326
Issuance of Common Stock	12,514	90,672	1,581	1,729	1,032
Common Dividends Paid	-22,252	-18,146	-12,069	-6,026	-27.4
Other Financing Activities	169,876	150,226	135,568	47,837	41,728
Financing Cash Flow	705,274	824,151	506,750	322,752	17,406
Net Cash Flow	-3,921	24,838	-18,307	15,321	5,048
Free Cash Flow	-687,385	-704,469	-425,977	-374,655	-9,460
Free Cash Flow Margin	-185.68%	-222.17%	-165.95%	-219.21%	-8.36%
Free Cash Flow Per Share	-110.81	-115.04	-70.17	-61.73	-1.56
Cash Interest Paid	224,214	170,440	131,074	90,027	-
Cash Income Tax Paid	59,479	50,980	39,722	25,861	14,823

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.