| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 22.9 | 65.8 | 76.7 | 207.9 | 163.6 | 128.3 | −21.5% | |
| Depreciation & amortization | 32.0 | 31.2 | 33.0 | 39.3 | 43.1 | 45.6 | +5.9% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (16.5) | 3.0 | (13.5) | (44.5) | (4.4) | (4.5) | −1.6% | |
| Operating cash flow | 70.1 | 102.3 | 84.3 | 141.7 | 215.0 | 178.3 | −17.1% | |
| Capital expenditure | (40.3) | (34.3) | (32.4) | (26.0) | (115.6) | (233.5) | −102.0% | |
| Acquisitions | (27.8) | (0.0) | 2.6 | 5.3 | (64.0) | (39.5) | +38.2% | |
| Investing cash flow | (21.9) | 5.7 | 15.4 | 34.9 | (171.4) | (278.0) | −62.2% | |
| Dividends paid | (3.8) | (5.9) | (6.6) | (16.3) | (8.4) | 0.0 | +100.0% | |
| Share buybacks | (0.2) | (0.1) | 0.9 | (59.0) | (42.6) | 0.0 | +100.0% | |
| Debt issued / repaid | (18.7) | (64.0) | (69.4) | (60.3) | 36.0 | 109.3 | +203.2% | |
| Financing cash flow | (56.5) | (103.4) | (104.1) | (168.6) | (51.8) | 105.8 | +304.5% | |
| Free cash flow | 29.8 | 68.0 | 51.9 | 115.7 | 99.4 | (55.2) | −155.5% | |
| Net change in cash | (8.3) | 6.7 | (4.3) | 7.9 | (8.2) | 66.1 | +909.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
