L&T Finance cash flow

Latest FY26

Cash from operations: −₹14,189cr−₹16,587 cr in FY25
Cash from investing: ₹367cr−22.1% on FY25
Cash from financing: ₹15,415cr0.0% on FY25
Capital spending: ₹239cr+22.6% 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.
	—	210	139	115	111
	—	2,184	2,193	0.6	−3.0
	—	6,654	0.0	0.0	0.0
	—	−16,616	0.0	0.0	0.0
	—	−0.2	0.0	0.0	0.0
	—	−64.2	−183	1,032	1,114
	—	25.9	39.5	37.9	26.6
	—	0.0	276	1,098	1,447
	—	0.0	0.0	0.0	2,739
	—	0.0	−6,693	1,892	685
	—	0.0	0.0	1,033	−177
	—	0.0	−457	0.0	0.0
Cash from operating activities
	4,621	3,998	3,491	3,029	−557
	—	−7,607	−4,685	5,208	5,943
	—	−3,609	−1,194	8,237	5,387
	—	16,332	0.0	0.0	0.0
	—	−25,890	−14,686	−7,246	3,250
	—	1,023	706	318	1,146
	—	−14,189	−16,587	673	7,490
Cash from investing activities
	—	239	195	119	128
	—	1.9	5.9	0.6	31.9
	—	710	0.0	0.0	0.0
	—	0.0	0.0	0.0	3,336
	—	0.2	0.0	0.0	0.0
	—	1,314	660	967	−4,347
	—	367	471	849	−1,107
Cash from financing activities
	—	88.7	40.4	42.5	9.4
	—	43,748	40,300	17,777	22,956
	—	27,677	24,259	24,363	24,148
	—	39.8	18.0	0.0	0.0
	—	687	622	497	124
	—	−18.3	−22.3	3.1	−885
	—	15,415	15,419	−7,037	−2,191
	—	1,593	−697	−5,515	4,193
	—	1,593	−697	−5,515	4,193
	—	—	—	3,593	9,109
Reference items
	—	−14,429	−16,782	555	7,363
	—	−₹57.61	−₹67.01	₹2.21	₹29.40
	—	−4.76×	−6.27×	0.29×	4.88×
	—	1,023	706	318	1,146

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

alphave

LTF₹251.05

L&T Finance Ltd.

· Banking & Finance

₹ CrorePeersCHOLAFIN SHRIRAMFIN MANAPPURAM M&MFIN MOTILALOFS IREDA ICICIAMC TATAINVESTMcap ₹62,873 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	111.2	114.8	138.9	209.7	—
+ Impairment Loss / (Reversal)	-3.0	0.6	2,193.4	2,184.1	—
+ Finance Costs	0.0	0.0	0.0	6,653.9	—
+ Interest Income	0.0	0.0	0.0	-16,616.0	—
+ Dividend Income	0.0	0.0	0.0	-0.2	—
+ Fair Value (Gains) / Losses	1,114.0	1,032.1	-182.6	-64.2	—
+ Share-based Payments	26.6	37.9	39.5	25.9	—
+ Other Non-cash Items	1,446.8	1,098.0	275.5	0.0	—
+ Other Reconciling Items	2,739.3	0.0	0.0	0.0	—
Changes in Working Capital
+ Other Financial Assets — Current	685.3	1,892.3	-6,693.2	0.0	—
+ Other Financial Liabilities — Current	-177.1	1,032.9	0.0	0.0	—
+ Other Financial Liabilities — Non-current	0.0	0.0	-456.7	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-556.5	3,029.0	3,491.3	3,998.2	4,621.2
+ Total Adjustments (incl. Working Capital)	5,943.2	5,208.4	-4,685.2	-7,606.8	—
Cash from Operations (pre-tax)	5,386.7	8,237.5	-1,194.0	-3,608.6	—
+ Interest Received — Operating	0.0	0.0	0.0	16,332.3	—
+ Other Inflows / (Outflows) — Operating	3,250.2	-7,246.1	-14,686.3	-25,889.7	—
+ Income Taxes Paid	1,146.4	317.9	706.3	1,023.2	—
Cash from Operating Activities	7,490.5	673.5	-16,586.5	-14,189.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	127.9	118.8	195.3	239.5	—
+ Disp of Fixed Assets	31.9	0.6	5.9	1.9	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	709.5	—
+ Disp of Subsidiaries / Businesses (net)	3,335.7	0.0	0.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.2	—
+ Other Inflows / (Outflows) — Investing	-4,346.6	966.8	660.3	1,313.8	—
Cash from Investing Activities	-1,107.0	848.6	470.9	366.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	9.4	42.5	40.4	88.7	—
+ Proceeds from Borrowings	22,956.4	17,776.7	40,300.0	43,748.0	—
+ Repayment of Borrowings	24,148.3	24,363.1	24,259.1	27,676.8	—
+ Payment of Lease Liabilities	0.0	0.0	18.0	39.8	—
+ Dividends Paid	123.8	496.6	622.5	686.8	—
+ Other Inflows / (Outflows) — Financing	-884.5	3.1	-22.3	-18.3	—
Cash from Financing Activities	-2,190.8	-7,037.4	15,418.5	15,415.1	—
Net Changes in Cash (pre-FX)	4,192.7	-5,515.3	-697.1	1,592.7	—
Net Changes in Cash	4,192.7	-5,515.3	-697.1	1,592.7	—
Closing Cash	9,108.7	3,593.4	—	—	—
Reference Items
Free Cash Flow (CFO − Capex)	7,362.6	554.7	-16,781.8	-14,428.7	—
Free Cash Flow per Basic Share	29.40	2.21	-67.01	-57.61	—
Cash Flow to Net Income	4.88	0.29	-6.27	-4.76	—
Cash Paid for Taxes	1,146.4	317.9	706.3	1,023.2	—

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 ✓ 95%.