| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 32.9 | 36.8 | 42.2 | 41.2 | 52.7 | 38.8 | −26.4% | |
| Depreciation & amortization | 10.0 | 9.9 | 10.2 | 9.4 | 11.1 | 12.1 | +9.4% | |
| Stock-based compensation | 0.2 | 0.2 | 0.4 | 0.5 | 0.5 | 0.0 | −100.0% | |
| Change in working capital | 3.7 | (1.8) | (5.6) | (8.1) | (6.7) | (2.3) | +66.2% | |
| Operating cash flow | 37.6 | 33.3 | 32.4 | 41.3 | 50.0 | 41.3 | −17.6% | |
| Capital expenditure | (8.2) | (7.0) | (11.8) | (13.5) | (11.6) | (16.0) | −37.6% | |
| Acquisitions | (0.1) | 0.0 | (0.3) | (2.2) | (2.4) | (0.7) | +69.7% | |
| Investing cash flow | (23.9) | (18.7) | (23.9) | (29.9) | (36.9) | (25.3) | +31.4% | |
| Dividends paid | 0.0 | (4.0) | (4.0) | (6.9) | (10.5) | (12.9) | −23.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (9.9) | (10.1) | (3.5) | (3.0) | (0.9) | 1.9 | +318.2% | |
| Financing cash flow | (12.4) | (16.0) | (9.6) | (12.0) | (12.9) | (12.1) | +6.2% | |
| Free cash flow | 29.4 | 26.2 | 20.5 | 27.8 | 38.4 | 25.3 | −34.3% | |
| Net change in cash | 0.5 | (1.3) | (1.0) | (0.5) | 0.3 | 6.9 | +2173.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
