| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 17.7 | 25.4 | 54.6 | 37.0 | 39.7 | 37.5 | −5.6% | |
| Depreciation & amortization | 27.5 | 31.2 | 34.4 | 37.9 | 41.2 | 48.1 | +16.9% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | −100.0% | |
| Change in working capital | 12.5 | (1.9) | (9.9) | 19.3 | 0.7 | (62.5) | −8805.8% | |
| Operating cash flow | 84.6 | 66.9 | 71.6 | 126.0 | 126.8 | 26.9 | −78.8% | |
| Capital expenditure | (33.4) | (72.7) | (76.6) | (133.3) | (172.7) | (136.9) | +20.7% | |
| Acquisitions | (7.2) | 20.4 | 36.8 | 1.5 | 2.8 | 0.2 | −91.1% | |
| Investing cash flow | 6.7 | (62.8) | (73.8) | (90.3) | (154.5) | (165.2) | −6.9% | |
| Dividends paid | (5.3) | (5.6) | (7.9) | (6.4) | (6.4) | (7.2) | −12.4% | |
| Share buybacks | 0.0 | (15.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (59.7) | 41.6 | 11.7 | 5.1 | 85.7 | 125.6 | +46.6% | |
| Financing cash flow | (76.0) | (11.8) | 13.4 | (45.0) | 42.9 | 134.1 | +212.4% | |
| Free cash flow | 51.2 | (5.8) | (5.0) | (7.4) | (45.9) | (110.1) | −139.6% | |
| Net change in cash | 17.4 | (7.4) | 12.4 | (9.3) | 15.4 | 87.6 | +470.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
