Xchanging Solutions Limited (NSE:XCHANGING)

Xchanging Solutions 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	597.3	594.5	495.8	137	449	525.7
Depreciation & Amortization	-	0.1	2.9	5.4	5.9	9
Other Amortization	-	-	-	-	0.2	0.1
Loss (Gain) From Sale of Assets	-1	-	-0.3	-1.6	-0.2	-
Asset Writedown & Restructuring Costs	0.2	0.2	-	-	-	-
Other Operating Activities	-106	-145.8	-59.2	-223.8	-92.6	-102.9
Change in Accounts Receivable	19.9	-29.7	-6	-38.3	79.2	-37.8
Change in Accounts Payable	-23.2	-36	10.5	24.3	-17.2	-73
Change in Other Net Operating Assets	42.3	28.2	44.8	-23.6	-4	28.6
Operating Cash Flow	529.5	411.5	488.5	-120.6	420.3	349.7
Operating Cash Flow Growth	37.64%	-15.76%	-	-	20.19%	-43.58%

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	-	-	-	-0.2	-	-0.9
Sale of Property, Plant & Equipment	0.9	-	0.5	1.9	0.2	-
Investment in Securities	-	-0.1	-0.2	-2.7	3.4	6.4
Other Investing Activities	138.3	129.1	144.1	194	93	69.3
Investing Cash Flow	139.2	129	144.4	354.8	96.6	78.7

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	-	-	-	1,043	-	-
Total Debt Issued	-	-	-	1,043	-	-
Long-Term Debt Repaid	-	-220.1	-214.4	-4.5	-4.8	-10.7
Lease Payments	-	-	-2.5	-4.5	-4.8	-10.7
Total Debt Repaid	-457.6	-220.1	-214.4	-4.5	-4.8	-10.7
Net Debt Issued (Repaid)	-457.6	-220.1	-214.4	1,038	-4.8	-10.7
Common Dividends Paid	-222.8	-222.8	-445.6	-3,342	-	-
Other Financing Activities	-50.2	-53.9	-64.2	-17.7	-	-
Financing Cash Flow	-730.6	-496.8	-724.2	-2,322	-4.8	-10.7

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	38.5	66.9	13.8	15.8	239	68.4
Net Cash Flow	-23.4	110.6	-77.5	-2,072	751.1	486.1

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	529.5	411.5	488.5	-120.8	420.3	348.8
Free Cash Flow Growth	37.64%	-15.76%	-	-	20.50%	-43.21%
Free Cash Flow Margin	25.58%	20.28%	26.42%	-6.93%	24.10%	20.02%
Free Cash Flow Per Share	4.75	3.69	4.38	-1.08	3.77	3.13
Levered Free Cash Flow	436.03	287.76	254	278.98	428.43	153.09
Unlevered Free Cash Flow	466.84	321.51	293.75	290.66	429.05	154.09
Free Cash Flow After Leases	529.5	411.5	486	-125.3	415.5	338.1

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	50.2	53.9	64.2	17.7	-	-
Cash Income Tax Paid	230.1	243.9	109.1	578.4	138.2	96.7
Change in Working Capital	39	-37.5	49.3	-37.6	58	-82.2

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 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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