Subex Limited (BOM:532348)

Subex Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	413.7	285.3	-314.4	-1,917	-512.1	209.9
Depreciation & Amortization	106	120.5	140.8	155.5	139.6	98.7
Other Amortization	0.3	0.3	0.4	0.4	0.3	0.1
Loss (Gain) From Sale of Assets	-0.2	2.9	-41.2	0.1	-0.3	-
Asset Writedown & Restructuring Costs	-	-	-	1,480	-	-
Loss (Gain) From Sale of Investments	-14.4	-13.9	-3.7	-6	-6.2	-2.2
Stock-Based Compensation	5	1.1	8.9	12.3	23.1	13.7
Provision & Write-off of Bad Debts	35.5	30.4	211	62	199.1	53.6
Other Operating Activities	-72.2	160.3	19	29.3	25.2	-184.1
Change in Accounts Receivable	-128.1	-168.9	40.9	-195.9	-32.8	-2.7
Change in Accounts Payable	122	110.3	-46.3	128.2	-74.7	32.9
Change in Other Net Operating Assets	196.4	186.8	79.6	169.1	330.9	-300.9
Operating Cash Flow	664	715.1	95	-82.8	92.1	-81
Operating Cash Flow Growth	48.05%	652.74%	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-41.8	-39.7	-24.1	-27.3	-49.3	-54
Sale of Property, Plant & Equipment	-	-	0.8	0.9	0.4	-
Investment in Securities	-383.2	-81.7	-77.8	55.1	-15.9	-114.3
Other Investing Activities	-793.6	-206.3	-63.3	317.5	-312.9	-185.1
Investing Cash Flow	-1,219	-327.7	-164.4	346.2	-377.7	-353.4

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Repaid	-	-64.9	-100.9	-89.5	-53.2	-38.9
Lease Payments	-65.5	-64.9	-100.9	-89.5	-53.2	-38.9
Total Debt Repaid	-65.5	-64.9	-100.9	-89.5	-53.2	-38.9
Net Debt Issued (Repaid)	-65.5	-64.9	-100.9	-89.5	-53.2	-38.9
Issuance of Common Stock	-	8.7	-	20.3	10.1	44
Common Dividends Paid	-	-	-	-0.1	-	-140.5
Other Financing Activities	-26.4	-31.1	-19.6	-24.1	-22	-17.8
Financing Cash Flow	-91.9	-87.3	-120.5	-93.4	-65.1	-153.2

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	12.2	15.3	4	-1.5	20.6	12.1
Net Cash Flow	-634.3	315.4	-185.9	168.5	-330.1	-575.5

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	622.2	675.4	70.9	-110.1	42.8	-135
Free Cash Flow Growth	55.20%	852.61%	-	-	-	-
Free Cash Flow Margin	20.83%	24.20%	2.48%	-3.55%	1.54%	-4.05%
Free Cash Flow Per Share	1.12	1.22	0.13	-0.20	0.08	-0.24
Levered Free Cash Flow	138.89	48.65	-78.83	108.2	233.89	-49.79
Unlevered Free Cash Flow	154.64	68.09	-66.58	123.26	247.83	-38.6
Free Cash Flow After Leases	556.7	610.5	-30	-199.6	-10.4	-173.9

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	31.1	31.1	19.6	24.1	22	17.8
Cash Income Tax Paid	-	-334.1	85.6	139.3	44.9	227.8
Change in Working Capital	190.3	128.2	74.2	101.4	223.4	-270.7

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error