L&T Technology Services Limited (BOM:540115)

L&T Technology Services 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	15,395	12,792	12,667	13,037	12,121	9,570
Depreciation & Amortization	3,399	3,374	2,947	2,604	2,217	2,144
Other Amortization	101	101	106	112	121	-
Loss (Gain) From Sale of Assets	139	175	-23	21	2	-5
Asset Writedown & Restructuring Costs	-45	-98	-250	-185	-18	-35
Stock-Based Compensation	319	166	375	434	816	55
Provision & Write-off of Bad Debts	704	527	219	382	210	148
Other Operating Activities	-5,675	-2,461	-2,020	-920	-788	-363
Change in Accounts Receivable	-	-	-	-	-2,123	-5,227
Change in Inventory	-1,814	-3,685	-834	-174	-	-
Change in Accounts Payable	448	2,964	611	-383	572	3,775
Operating Cash Flow	15,331	14,551	14,811	14,928	13,130	10,062
Operating Cash Flow Growth	-3.45%	-1.75%	-0.78%	13.69%	30.49%	-24.49%

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	-1,861	-1,851	-1,116	-2,528	-1,815	-1,624
Sale of Property, Plant & Equipment	105	102	98	109	28	69
Cash Acquisitions	-	-1,410	-7,098	-7,978	-	-
Investment in Securities	-12,334	-4,102	1,025	8,015	-7,875	350
Other Investing Activities	4,285	2,833	1,997	49	3,883	-3,278
Investing Cash Flow	-4,873	-4,428	-5,094	-2,333	-5,779	-4,483

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	-	-1,425	-1,325	-1,103	-842	-913
Lease Payments	-1,574	-1,425	-1,325	-1,103	-842	-913
Total Debt Repaid	-1,574	-1,425	-1,325	-1,103	-842	-913
Net Debt Issued (Repaid)	-1,574	-1,425	-1,325	-1,103	-842	-913
Issuance of Common Stock	-	-	-	-	-	1
Common Dividends Paid	-6,143	-5,928	-5,292	-4,967	-3,167	-2,580
Dividends Paid	-6,143	-5,928	-5,292	-4,967	-3,167	-2,580
Other Financing Activities	-602	-642	-565	-509	-444	-437
Financing Cash Flow	-8,319	-7,995	-7,182	-6,579	-4,453	-4,982

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
Net Cash Flow	2,139	2,128	2,535	6,016	2,898	597

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	13,470	12,700	13,695	12,400	11,315	8,438
Free Cash Flow Growth	-8.65%	-7.27%	10.44%	9.59%	34.10%	-32.79%
Free Cash Flow Margin	11.59%	11.55%	14.20%	12.85%	12.83%	12.91%
Free Cash Flow Per Share	127.05	119.85	129.40	117.00	106.87	80.00
Levered Free Cash Flow	16,655	9,931	11,871	2,588	16,462	5,588
Unlevered Free Cash Flow	17,031	10,332	12,224	2,906	16,740	5,861
Free Cash Flow After Leases	11,896	11,275	12,370	11,297	10,473	7,525

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	602	642	565	509	444	437
Cash Income Tax Paid	4,846	4,113	4,928	5,256	4,667	3,563
Change in Working Capital	-1,366	-721	-223	-557	-1,551	-1,452

Data Source: S&P Global Market Intelligence Last updated: Oct 19, 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:

Oct 25, 2026

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