L&T Technology Services 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	12,667	13,037	12,121	9,570	6,633
Depreciation & Amortization	2,947	2,604	2,217	2,144	2,183
Other Amortization	106	112	121	-	-
Loss (Gain) From Sale of Assets	-23	21	2	-5	3
Asset Writedown & Restructuring Costs	-250	-185	-18	-35	-38
Stock-Based Compensation	375	434	816	55	126
Provision & Write-off of Bad Debts	219	382	210	148	-111
Other Operating Activities	-1,007	-920	-788	-363	284
Change in Accounts Receivable	-834	-174	-2,123	-5,227	2,884
Change in Accounts Payable	611	-383	572	3,775	1,361
Operating Cash Flow	14,811	14,928	13,130	10,062	13,325
Operating Cash Flow Growth	-0.78%	13.69%	30.49%	-24.49%	108.82%
Capital Expenditures	-1,116	-2,528	-1,815	-1,624	-771
Sale of Property, Plant & Equipment	98	109	28	69	15
Cash Acquisitions	-7,098	-7,978	-	-	-725
Investment in Securities	1,025	8,015	-7,875	350	-8,613
Other Investing Activities	1,997	49	3,883	-3,278	40
Investing Cash Flow	-5,094	-2,333	-5,779	-4,483	-10,054
Short-Term Debt Repaid	-	-	-	-	-287
Long-Term Debt Repaid	-1,325	-1,103	-842	-913	-688
Total Debt Repaid	-1,325	-1,103	-842	-913	-975
Net Debt Issued (Repaid)	-1,325	-1,103	-842	-913	-975
Issuance of Common Stock	-	-	-	1	1
Common Dividends Paid	-5,292	-4,967	-3,167	-2,580	-2,198
Dividends Paid	-5,292	-4,967	-3,167	-2,580	-2,198
Other Financing Activities	-565	-509	-444	-437	-455
Financing Cash Flow	-7,182	-6,579	-4,453	-4,982	-3,627
Net Cash Flow	2,535	6,016	2,898	597	-356
Free Cash Flow	13,695	12,400	11,315	8,438	12,554
Free Cash Flow Growth	10.44%	9.59%	34.10%	-32.79%	158.63%
Free Cash Flow Margin	12.83%	12.85%	12.83%	12.91%	22.81%
Free Cash Flow Per Share	129.12	117.00	106.87	80.00	119.05
Cash Interest Paid	565	509	444	437	455
Cash Income Tax Paid	4,928	5,256	4,667	3,563	2,523
Levered Free Cash Flow	12,500	2,588	16,462	5,588	10,322
Unlevered Free Cash Flow	12,853	2,906	16,740	5,861	10,607
Change in Working Capital	-223	-557	-1,551	-1,452	4,245

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