diff --git a/pkgs/development/compilers/ballerina/default.nix b/pkgs/development/compilers/ballerina/default.nix
index 2b75299dd81e..5081ba45ca8b 100644
--- a/pkgs/development/compilers/ballerina/default.nix
+++ b/pkgs/development/compilers/ballerina/default.nix
@@ -1,6 +1,6 @@
 { ballerina, lib, writeText, runCommand, makeWrapper, fetchzip, stdenv, openjdk }:
 let
-  version = "2201.10.1";
+  version = "2201.10.3";
   codeName = "swan-lake";
 in stdenv.mkDerivation {
   pname = "ballerina";
@@ -8,7 +8,7 @@ in stdenv.mkDerivation {
 
   src = fetchzip {
     url = "https://dist.ballerina.io/downloads/${version}/ballerina-${version}-${codeName}.zip";
-    hash = "sha256-gKxJnoNWYE3ozQ0JvMgHgrg/DCkvFnJqZAecgqvJGq8=";
+    hash = "sha256-JVwxWRiOQaUZBkvxoLhKvktyQYnBtbCBZXZa6g6hoRQ=";
   };
 
   nativeBuildInputs = [ makeWrapper ];