| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 24.0 | 30.4 | 38.2 | 17.7 | 21.7 | 24.4 | +12.3% | |
| Depreciation & amortization | 1.5 | 1.5 | 1.8 | 2.5 | 3.0 | 3.3 | +12.5% | |
| Stock-based compensation | 0.1 | 0.2 | 0.3 | 0.6 | 0.7 | 0.0 | −100.0% | |
| Change in working capital | (130.1) | (92.4) | (339.7) | (413.5) | 38.1 | 68.1 | +78.9% | |
| Operating cash flow | (97.2) | (57.4) | (293.3) | (357.3) | (342.0) | 158.8 | +146.4% | |
| Capital expenditure | (0.6) | (1.4) | (2.6) | (11.7) | (3.4) | (3.6) | −5.5% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | +90.6% | |
| Investing cash flow | (0.6) | (1.4) | 3.0 | (26.2) | (10.4) | (476.5) | −4491.7% | |
| Dividends paid | (0.6) | (1.0) | (0.1) | (0.1) | (1.0) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 87.0 | 53.0 | 274.5 | 364.3 | 397.1 | 344.6 | −13.2% | |
| Financing cash flow | 76.9 | 70.7 | 272.9 | 382.7 | 396.5 | 356.5 | −10.1% | |
| Free cash flow | (97.8) | (58.8) | (295.9) | (369.0) | (345.4) | 155.2 | +144.9% | |
| Net change in cash | (20.9) | 12.0 | (17.5) | (0.8) | 44.1 | 101.5 | +130.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
