| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 10.9 | 9.5 | 32.5 | 32.4 | 71.0 | 93.4 | +31.6% | |
| Depreciation & amortization | 6.2 | 12.5 | 24.4 | 30.4 | 42.1 | 61.4 | +45.7% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 18.5 | (25.3) | 93.5 | (0.3) | (88.4) | (100.8) | −14.0% | |
| Operating cash flow | 40.9 | 13.9 | 176.3 | 102.6 | 45.6 | (17.0) | −137.3% | |
| Capital expenditure | (41.4) | (116.5) | (147.2) | (223.7) | (291.7) | (333.7) | −14.4% | |
| Acquisitions | (34.9) | (18.5) | (22.6) | (9.2) | (12.8) | 4.6 | +135.7% | |
| Investing cash flow | (79.0) | (174.9) | (168.6) | (190.8) | (262.6) | (283.3) | −7.9% | |
| Dividends paid | (0.0) | (1.1) | (1.1) | (1.4) | (1.5) | (1.5) | −1.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 44.7 | 180.9 | (47.1) | 118.0 | 249.1 | 98.7 | −60.4% | |
| Financing cash flow | 31.1 | 159.0 | (12.0) | 88.8 | 219.5 | 324.4 | +47.8% | |
| Free cash flow | (0.5) | (102.6) | 29.0 | (120.5) | (246.1) | (350.7) | −42.5% | |
| Net change in cash | (14.6) | 2.5 | 9.7 | 4.2 | 8.0 | 50.3 | +529.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
