| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 433.6 | 512.0 | 627.7 | 766.0 | 848.8 | 1,622.1 | +91.1% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 710.4 | 740.7 | +4.3% | |
| Gross profit | 433.6 | 512.0 | 627.7 | 766.0 | 848.8 | 881.4 | +3.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.5 | 3.7 | 4.1 | 3.7 | 4.0 | 4.1 | +3.0% | |
| Selling & marketing | 1.2 | 1.5 | 2.2 | 1.7 | 1.8 | 1.6 | −6.1% | |
| Operating expenses | 196.1 | 253.0 | 289.7 | 372.4 | 399.9 | 558.4 | +39.6% | |
| Operating income | 62.2 | 130.7 | (23.3) | 393.6 | 448.9 | 322.9 | −28.1% | |
| Interest expense | 349.3 | 349.2 | 433.9 | 613.9 | 710.4 | 740.7 | +4.3% | |
| Interest income | 647.0 | 688.5 | 874.5 | 1,127.6 | 1,273.7 | 1,325.4 | +4.1% | |
| Other income / expense | 97.5 | 189.3 | 209.5 | (41.8) | (81.7) | 0.0 | +100.0% | |
| Pre-tax income | 97.5 | 189.3 | 186.2 | 351.8 | 367.2 | 322.9 | −12.1% | |
| Income tax | 25.0 | 47.7 | 77.7 | 87.5 | 86.1 | 58.0 | −32.6% | |
| Net income | 72.0 | 141.2 | 108.2 | 263.9 | 280.6 | 263.8 | −6.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 120.95 | 230.20 | 176.00 | 428.10 | 453.60 | 425.20 | −6.3% | |
| EPS, diluted (per share) | 120.65 | 229.55 | 175.20 | 425.05 | 450.90 | 422.40 | −6.3% | |
| EBITDA | 0.0 | 199.8 | 317.7 | 365.7 | 384.9 | 341.9 | −11.2% | |
| Depreciation & amortization | 9.8 | 10.5 | 131.5 | 13.9 | 17.7 | 18.9 | +7.1% | |
| Weighted average shares (shares) | 594,940,000 | 613,300,000 | 614,600,000 | 616,355,992 | 618,499,000 | 620,528,000 | +0.3% | |
| Weighted average diluted shares (shares) | 596,520,000 | 615,140,000 | 617,560,000 | 620,778,732 | 622,202,000 | 624,641,000 | +0.4% | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 54.3% | −45.7 pts | |
| Operating margin | 14.3% | 25.5% | −3.7% | 51.4% | 52.9% | 19.9% | −33.0 pts | |
| Net margin | 16.6% | 27.6% | 17.2% | 34.4% | 33.1% | 16.3% | −16.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in INR; the shares trade in USD.
