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 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	12,792	12,667	13,037	12,121	9,570
Depreciation & Amortization	3,475	2,947	2,604	2,217	2,144
Other Amortization	-	106	112	121	-
Loss (Gain) From Sale of Assets	175	-23	21	2	-5
Asset Writedown & Restructuring Costs	-98	-250	-185	-18	-35
Stock-Based Compensation	166	375	434	816	55
Provision & Write-off of Bad Debts	527	219	382	210	148
Other Operating Activities	-2,461	-1,007	-920	-788	-363
Change in Accounts Receivable	-	-834	-174	-2,123	-5,227
Change in Inventory	-3,685	-	-	-	-
Change in Accounts Payable	2,964	611	-383	572	3,775
Operating Cash Flow	14,551	14,811	14,928	13,130	10,062
Operating Cash Flow Growth	-1.75%	-0.78%	13.69%	30.49%	-24.49%
Capital Expenditures	-1,851	-1,116	-2,528	-1,815	-1,624
Sale of Property, Plant & Equipment	102	98	109	28	69
Cash Acquisitions	-1,410	-7,098	-7,978	-	-
Investment in Securities	-4,102	1,025	8,015	-7,875	350
Other Investing Activities	2,833	1,997	49	3,883	-3,278
Investing Cash Flow	-4,428	-5,094	-2,333	-5,779	-4,483
Long-Term Debt Repaid	-1,425	-1,325	-1,103	-842	-913
Total Debt Repaid	-1,425	-1,325	-1,103	-842	-913
Net Debt Issued (Repaid)	-1,425	-1,325	-1,103	-842	-913
Issuance of Common Stock	-	-	-	-	1
Common Dividends Paid	-5,928	-5,292	-4,967	-3,167	-2,580
Dividends Paid	-5,928	-5,292	-4,967	-3,167	-2,580
Other Financing Activities	-642	-565	-509	-444	-437
Financing Cash Flow	-7,995	-7,182	-6,579	-4,453	-4,982
Net Cash Flow	2,128	2,535	6,016	2,898	597
Free Cash Flow	12,700	13,695	12,400	11,315	8,438
Free Cash Flow Growth	-7.27%	10.44%	9.59%	34.10%	-32.79%
Free Cash Flow Margin	11.55%	12.83%	12.85%	12.83%	12.91%
Free Cash Flow Per Share	119.66	129.12	117.00	106.87	80.00
Cash Interest Paid	642	565	509	444	437
Cash Income Tax Paid	4,113	4,928	5,256	4,667	3,563
Levered Free Cash Flow	9,956	12,500	2,588	16,462	5,588
Unlevered Free Cash Flow	10,356	12,853	2,906	16,740	5,861
Change in Working Capital	-721	-223	-557	-1,551	-1,452

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