Larsen & Toubro 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	160,840	150,371	130,591	104,707	86,693
Depreciation & Amortization	43,648	38,756	34,438	33,842	29,380
Other Amortization	-	2,226	2,309	-	-
Loss (Gain) From Sale of Assets	-790.8	-3,751	-6,098	-1,677	-192.5
Asset Writedown & Restructuring Costs	-	229.6	76.3	1,181	99.2
Loss (Gain) From Sale of Investments	-18,552	-9,846	3,213	6,633	-4,281
Stock-Based Compensation	1,153	2,226	2,976	2,495	1,353
Provision & Write-off of Bad Debts	40,365	-	-	-	-
Other Operating Activities	45,324	32,035	29,008	26,797	31,018
Change in Accounts Receivable	-281,509	-92,523	-106,429	-44,953	-98,517
Change in Inventory	-22,010	-5,395	2,447	-4,758	-743.3
Change in Accounts Payable	451,276	96,834	146,010	54,127	96,780
Change in Other Net Operating Assets	-252,333	-119,555	-55,879	49,374	50,047
Operating Cash Flow	167,410	91,607	182,663	227,770	191,636
Operating Cash Flow Growth	82.75%	-49.85%	-19.80%	18.86%	-16.94%
Capital Expenditures	-48,092	-44,188	-45,165	-41,438	-31,106
Sale of Property, Plant & Equipment	3,405	8,782	3,061	3,504	707.5
Cash Acquisitions	-8,908	-10,201	-131.3	-1,246	-779.4
Divestitures	-	17,521	8,610	28,724	9,507
Investment in Securities	-119,757	-149,367	28,914	-89,546	-24,225
Other Investing Activities	55,963	22,278	26,342	16,885	9,220
Investing Cash Flow	-117,388	-155,175	21,630	-83,117	-36,677
Short-Term Debt Issued	-	-	-	3,574	-
Long-Term Debt Issued	436,937	464,970	231,254	279,409	273,933
Total Debt Issued	436,937	464,970	231,254	282,983	273,933
Long-Term Debt Repaid	-371,218	-313,447	-276,877	-332,183	-362,136
Net Debt Issued (Repaid)	65,719	151,523	-45,623	-49,200	-88,204
Issuance of Common Stock	75.2	93.2	96.5	103.1	109.7
Repurchase of Common Stock	-	-	-122,799	-	-
Common Dividends Paid	-46,762	-38,496	-33,736	-30,914	-25,284
Other Financing Activities	-40,596	-47,554	-43,639	-35,714	-38,437
Financing Cash Flow	-21,564	65,566	-254,134	-115,725	-151,815
Foreign Exchange Rate Adjustments	3,585	286.8	158.5	2,637	823
Net Cash Flow	32,042	2,285	-49,682	31,565	3,967
Free Cash Flow	119,318	47,419	137,498	186,332	160,530
Free Cash Flow Growth	151.63%	-65.51%	-26.21%	16.07%	-24.51%
Free Cash Flow Margin	4.09%	1.82%	6.11%	10.01%	10.11%
Free Cash Flow Per Share	86.71	34.46	98.84	132.49	114.15
Cash Interest Paid	-	36,095	36,055	30,467	29,679
Cash Income Tax Paid	-	56,011	52,801	51,272	45,395
Levered Free Cash Flow	298,519	98,405	247,453	116,514	74,626
Unlevered Free Cash Flow	316,324	119,223	269,556	136,374	93,722
Change in Working Capital	-104,576	-120,640	-13,851	53,791	47,566

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