Voltas Limited (NSE:VOLTAS)

Voltas 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	4,675	3,759	8,414	2,520	1,350	5,041
Depreciation & Amortization	843.6	823.7	594.2	447.1	365.9	339.1
Other Amortization	17.3	17.3	23.6	28.8	30.3	33.5
Loss (Gain) From Sale of Assets	-112.7	-5.9	-157	3.4	19	11.4
Loss (Gain) From Sale of Investments	-734.1	-923.8	-1,560	-1,314	-632.4	-810.9
Loss (Gain) on Equity Investments	1,465	1,306	1,260	1,386	1,207	1,103
Provision & Write-off of Bad Debts	511.5	-333.9	677.3	4,000	3,600	934.9
Other Operating Activities	-908.8	-413.1	-561.2	-257.1	-509.6	-371.4
Change in Accounts Receivable	-2,837	-9,830	-6,034	-5,052	-5,358	-866.1
Change in Inventory	-3,838	-7,178	-5,794	-5,434	694.2	-3,818
Change in Accounts Payable	6,274	12,422	1,400	8,468	807.6	4,853
Change in Unearned Revenue	273.6	656.2	-737.9	1,272	1,687	-645
Change in Other Net Operating Assets	1,409	410.8	224.7	1,547	-1,667	38
Operating Cash Flow	7,039	709.7	-2,252	7,615	1,594	5,842
Operating Cash Flow Growth	-	-	-	377.80%	-72.72%	5.06%

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	-1,369	-1,327	-2,082	-2,931	-1,799	-481.6
Sale of Property, Plant & Equipment	125.2	40.9	174.4	47.6	24.9	12.6
Investment in Securities	39	3,945	3,107	-4,526	2,103	-3,474
Other Investing Activities	1,866	159	379.9	2,185	-1,144	296.5
Investing Cash Flow	-1,439	2,818	1,579	-5,224	-816	-3,646

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 Issued	-	21,122	4,536	5,903	15,035	1,084
Total Debt Issued	23,650	21,122	4,536	5,903	15,035	1,084
Long-Term Debt Repaid	-	-20,511	-3,103	-5,079	-12,372	-252.6
Lease Payments	-155.4	-117.1	-67.2	-149	-64.7	-87
Total Debt Repaid	-26,272	-20,511	-3,103	-5,079	-12,372	-252.6
Net Debt Issued (Repaid)	-2,622	611.3	1,433	824.5	2,663	830.9
Common Dividends Paid	-1,322	-2,321	-1,820	-1,412	-1,820	-1,660
Other Financing Activities	-923.2	-914	-609.9	-575.6	-292.7	-240.9
Financing Cash Flow	-4,867	-2,624	-997.1	-1,163	550.5	-1,070

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	133.2	150	5.2	-	-	-
Net Cash Flow	866.8	1,053	-1,664	1,228	1,328	1,126

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	5,670	-617.7	-4,333	4,685	-205.5	5,361
Free Cash Flow Growth	-	-	-	-	-	0.15%
Free Cash Flow Margin	3.70%	-0.43%	-2.81%	3.75%	-0.22%	6.76%
Free Cash Flow Per Share	17.14	-1.87	-13.10	14.16	-0.62	16.20
Levered Free Cash Flow	4,660	-1,267	-4,828	6,691	-202.83	4,318
Unlevered Free Cash Flow	5,197	-724.21	-4,440	7,040	-17.89	4,480
Free Cash Flow After Leases	5,515	-734.8	-4,401	4,536	-270.2	5,274

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	923.2	914	609.9	555.3	284.1	225.2
Cash Income Tax Paid	2,118	2,113	3,107	2,115	1,656	2,169
Change in Working Capital	1,282	-3,519	-10,942	801.2	-3,836	-438.3

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 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 11, 2026

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