| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 8.5 | 7.7 | 6.4 | 10.2 | 14.3 | 3.9 | −73.0% | |
| Depreciation & amortization | 7.2 | 8.1 | 11.1 | 15.7 | 16.9 | 19.6 | +16.0% | |
| Stock-based compensation | 1.1 | 1.3 | 1.4 | 1.0 | 1.4 | 0.0 | −100.0% | |
| Change in working capital | (4.2) | (7.9) | (5.0) | (6.4) | 9.2 | (11.3) | −222.7% | |
| Operating cash flow | 11.6 | 11.8 | 18.5 | 29.5 | 40.6 | 12.8 | −68.6% | |
| Capital expenditure | (17.5) | (19.2) | (17.3) | (19.3) | (23.4) | (18.0) | +23.3% | |
| Acquisitions | (1.0) | (2.3) | (122.2) | (5.5) | 18.3 | (58.0) | −417.8% | |
| Investing cash flow | (36.2) | (17.0) | (142.8) | (10.0) | (2.3) | (80.3) | −3330.3% | |
| Dividends paid | 0.0 | 0.0 | (0.7) | (2.0) | (0.8) | (0.9) | −9.5% | |
| Share buybacks | (0.1) | (0.0) | (0.6) | 0.0 | 0.0 | (0.0) | — | |
| Debt issued / repaid | 18.9 | 3.2 | 124.2 | (12.7) | 5.7 | (24.1) | −520.1% | |
| Financing cash flow | 25.6 | 2.4 | 130.5 | (23.3) | (18.5) | 57.4 | +409.7% | |
| Free cash flow | (5.9) | (7.5) | 1.3 | 10.2 | 17.2 | (5.2) | −130.3% | |
| Net change in cash | 0.7 | (2.4) | 6.4 | (3.8) | 20.0 | (0.4) | −101.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
