Bajaj Finance cash flow

Latest FY26

Cash from operations: −₹65,790cr−₹68,154 cr in FY25
Cash from investing: −₹3,389cr−₹2,765 cr in FY25
Cash from financing: ₹67,433cr−4.4% on FY25
Capital spending: ₹961cr−11.2% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	1,009	881	683	485
	—	10,282	7,966	4,631	3,190
	—	28,666	24,771	18,725	12,560
	—	−72,776	−61,164	−48,307	−35,550
	—	−1.1	−1.3	0.0	0.0
	—	−471	−539	−308	−334
	—	440	394	268	224
	—	−463	−544	−50.8	−48.0
	—	−1,03,846	−90,195	−88,645	−54,506
	—	737	532	−306	96.6
	—	6,246	−1,546	−33.6	47.2
	—	−4,124	−3,096	−3,589	−2,442
	—	226	−186	612	293
	—	724	−7.5	125	80.4
	—	526	261	243	105
	—	251	67.3	89.8	75.8
Cash from operating activities
	29,506	25,800	22,062	19,302	15,526
	—	−1,32,575	−1,22,406	−1,15,863	−75,723
	—	−1,06,775	−1,00,344	−96,561	−60,197
	—	73,341	60,530	45,854	35,034
	—	25,947	22,421	17,044	13,112
	—	51.4	28.6	89.6	107
	—	6,461	5,948	5,098	3,972
	—	−65,790	−68,154	−72,760	−42,140
Cash from investing activities
	—	560	584	604	483
	—	401	498	434	395
	—	65.3	36.4	38.9	19.8
	—	1,04,480	47,899	1,41,563	3,18,410
	—	1,01,986	46,179	1,34,446	3,08,361
	—	0.0	0.0	0.0	92.7
	—	1.1	1.3	0.0	0.0
	—	0.0	0.0	944	635
	—	−3,389	−2,765	−7,171	−10,365
Cash from financing activities
	—	435	1,251	9,033	158
	—	0.0	0.0	297	0.0
	—	1,380	6,461	0.0	0.0
	—	1,25,221	1,04,282	1,09,450	88,341
	—	55,885	39,027	34,376	36,474
	—	243	215	174	0.0
	—	—	—	0.0	143
	—	3,477	2,225	1,815	1,207
	—	67,433	70,527	82,415	50,675
	—	−1,746	−392	2,484	−1,831
	—	−1,746	−392	2,484	−1,831
	—	1,897	3,642	4,035	1,551
Reference items
	—	—	—	—	28,563
	—	—	—	—	69.0%
	—	−66,751	−69,236	−73,798	−43,019
	—	7,113	−1,333	—	—
	—	−₹107.35	−₹111.35	−₹118.69	−₹69.19
	—	−3.40×	−4.06×	−5.03×	−3.66×
	—	6,461	5,948	5,098	3,972
	—	25,947	22,421	17,044	13,112

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

BAJFINANCE₹938.90

Bajaj Finance Ltd.

· Banking & Finance

₹ CrorePeersCHOLAFIN SHRIRAMFIN JIOFIN BAJAJFINSV KOTAKBANK ICICIBANK HDFCBANK AXISBANKMcap ₹5.84L Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	485.4	683.3	881.0	1,009.0	—
+ Impairment Loss / (Reversal)	3,189.7	4,630.7	7,966.0	10,281.5	—
+ Finance Costs	12,559.9	18,724.7	24,770.8	28,666.0	—
+ Interest Income	-35,550.2	-48,306.6	-61,163.6	-72,776.0	—
+ Dividend Income	0.0	0.0	-1.3	-1.1	—
+ Fair Value (Gains) / Losses	-334.3	-308.3	-539.0	-471.2	—
+ Share-based Payments	224.4	268.2	394.0	439.6	—
+ Other Non-cash Items	-48.0	-50.8	-543.7	-462.8	—
Changes in Working Capital
+ Trade Receivables — Current	-54,505.5	-88,645.0	-90,194.6	-1,03,846.3	—
+ Other Financial Assets — Current	96.6	-306.3	531.6	736.5	—
+ Other Current Assets	47.2	-33.6	-1,545.9	6,246.3	—
+ Other Bank Balances	-2,441.8	-3,589.1	-3,096.0	-4,124.3	—
+ Trade Payables — Current	292.9	611.9	-186.0	226.5	—
+ Other Financial Liabilities — Current	80.4	125.3	-7.5	724.2	—
+ Other Current Liabilities	104.6	242.6	261.0	526.2	—
+ Provisions — Current	75.8	89.8	67.3	251.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	15,526.2	19,301.9	22,061.8	25,800.2	29,505.9
+ Total Adjustments (incl. Working Capital)	-75,723.0	-1,15,863.2	-1,22,405.8	-1,32,575.0	—
Cash from Operations (pre-tax)	-60,196.8	-96,561.3	-1,00,343.9	-1,06,774.8	—
+ Interest Received — Operating	35,034.5	45,853.5	60,530.1	73,341.3	—
+ Interest Paid — Operating	13,112.5	17,044.0	22,421.4	25,946.8	—
+ Other Inflows / (Outflows) — Operating	106.6	89.6	28.6	51.4	—
+ Income Taxes Paid	3,972.2	5,098.0	5,947.9	6,460.9	—
Cash from Operating Activities	-42,140.4	-72,760.1	-68,154.5	-65,789.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	482.9	603.6	584.1	560.0	—
+ Acq of Intangible Assets	395.5	434.2	497.8	401.1	—
+ Disp of Fixed Assets	19.8	38.9	36.4	65.3	—
+ Purchase of Investments (Equity / Debt)	3,18,410.2	1,41,562.6	47,899.4	1,04,479.9	—
+ Sale of Investments (Equity / Debt)	3,08,360.8	1,34,446.3	46,178.6	1,01,985.9	—
+ Acq of Subsidiaries / Businesses (net)	92.7	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	1.3	1.1	—
+ Interest Received — Investing	635.4	944.0	0.0	0.0	—
Cash from Investing Activities	-10,365.3	-7,171.2	-2,765.0	-3,388.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	158.0	9,032.6	1,251.3	435.3	—
+ Proceeds from Other Equity Instruments	0.0	297.2	0.0	0.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	0.0	6,460.5	1,380.2	—
+ Proceeds from Borrowings	88,340.9	1,09,449.7	1,04,282.0	1,25,221.5	—
+ Repayment of Borrowings	36,473.6	34,375.9	39,026.6	55,884.9	—
+ Payment of Lease Liabilities	0.0	174.0	214.6	242.5	—
+ Payment of Finance Lease Liabilities	143.5	0.0	—	—	—
+ Dividends Paid	1,206.9	1,814.6	2,225.2	3,476.6	—
Cash from Financing Activities	50,675.0	82,415.1	70,527.4	67,432.9	—
Net Changes in Cash (pre-FX)	-1,830.7	2,483.8	-392.1	-1,745.6	—
Net Changes in Cash	-1,830.7	2,483.8	-392.1	-1,745.6	—
Closing Cash	1,550.8	4,034.5	3,642.5	1,896.9	—
Reference Items
EBITDA	28,563.2	—	—	—	—
EBITDA Margin %	69.00	—	—	—	—
Free Cash Flow (CFO − Capex)	-43,018.7	-73,797.9	-69,236.3	-66,750.9	—
Free Cash Flow to Equity	—	—	-1,333.5	7,112.9	—
Free Cash Flow per Basic Share	-69.19	-118.69	-111.35	-107.35	—
Cash Flow to Net Income	-3.66	-5.03	-4.06	-3.40	—
Cash Paid for Taxes	3,972.2	5,098.0	5,947.9	6,460.9	—
Cash Paid for Interest	13,112.5	17,044.0	22,421.4	25,946.8	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 199%.