HDB Financial 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	2021 - 2017
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	2021 - 2017
Net Income	25,438	21,759	24,608	19,594	10,114	Upgrade
Depreciation & Amortization, Total	2,093	1,761	1,325	1,017	913.8	Upgrade
Gain (Loss) On Sale of Investments	27,624	20,581	9,537	12,453	24,822	Upgrade
Stock-Based Compensation	490	624.8	552.4	436.4	304.2	Upgrade
Change in Accounts Receivable	-786	-995.2	-588.5	760.6	-245	Upgrade
Change in Accounts Payable	-2,594	-563.2	2,172	449.3	-873.4	Upgrade
Change in Other Net Operating Assets	-135,215	-184,091	-211,593	-99,563	-9,654	Upgrade
Other Operating Activities	-4,824	3,487	5,738	-3,834	-5,674	Upgrade
Operating Cash Flow	-86,056	-136,263	-167,360	-68,506	19,871	Upgrade
Capital Expenditures	-1,436	-2,098	-1,234	-1,113	-411.3	Upgrade
Investment in Securities	-16,311	13,670	-20,234	10,831	-6,634	Upgrade
Investing Cash Flow	-17,720	11,590	-21,456	9,733	-7,033	Upgrade
Long-Term Debt Issued	832,437	702,736	544,157	273,069	178,264	Upgrade
Long-Term Debt Repaid	-748,185	-573,902	-351,082	-213,946	-193,638	Upgrade
Net Debt Issued (Repaid)	84,252	128,834	193,075	59,123	-15,374	Upgrade
Issuance of Common Stock	24,936	1,246	714.5	339.3	378.9	Upgrade
Common Dividends Paid	-2,455	-2,381	-2,454	-1,503	-	Upgrade
Financing Cash Flow	106,733	127,699	191,336	57,960	-14,995	Upgrade
Net Cash Flow	2,957	3,026	2,520	-813	-2,157	Upgrade
Free Cash Flow	-87,492	-138,361	-168,594	-69,619	19,460	Upgrade
Free Cash Flow Margin	-99.48%	-176.86%	-204.17%	-91.59%	35.06%	Upgrade
Free Cash Flow Per Share	-106.21	-173.74	-212.65	-87.96	24.63	Upgrade
Cash Interest Paid	68,979	58,107	41,105	38,421	36,995	Upgrade
Cash Income Tax Paid	9,104	6,948	7,504	6,324	5,144	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.