| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 14.6 | 14.5 | 18.6 | 20.0 | 27.9 | 34.7 | +24.6% | |
| Depreciation & amortization | 1.0 | 1.4 | 1.9 | 2.3 | 2.6 | 2.7 | +5.0% | |
| Stock-based compensation | 0.8 | 0.2 | 0.2 | 0.3 | 0.6 | 1.5 | +158.5% | |
| Change in working capital | 31.3 | 51.7 | 35.5 | (0.4) | 9.0 | (31.8) | −452.1% | |
| Operating cash flow | 50.6 | 68.5 | 54.9 | 22.6 | (211.0) | 18.3 | +108.7% | |
| Capital expenditure | (1.4) | (2.8) | (3.1) | (3.5) | (2.6) | (8.1) | −205.9% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (9.9) | (47.5) | (43.2) | (48.5) | (59.3) | (50.9) | +14.2% | |
| Dividends paid | 0.0 | 0.0 | (0.3) | (0.7) | (0.7) | (0.7) | −0.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (33.1) | (10.4) | 3.1 | (8.2) | 24.2 | 22.1 | −8.6% | |
| Financing cash flow | (26.5) | (9.5) | 23.2 | 170.1 | 289.7 | 23.2 | −92.0% | |
| Free cash flow | 49.1 | 65.7 | 51.9 | 19.1 | (213.7) | 10.2 | +104.8% | |
| Net change in cash | 14.1 | 11.5 | 35.0 | (30.5) | 30.9 | (9.4) | −130.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
