| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.5 | 2.3 | 3.8 | 4.4 | 4.0 | 5.5 | +37.1% | |
| Depreciation & amortization | 2.6 | 1.5 | 1.4 | 1.3 | 1.5 | 1.4 | −2.4% | |
| Stock-based compensation | 0.3 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | 35.2 | 46.5 | 4.6 | 20.7 | 11.7 | (4.3) | −137.3% | |
| Operating cash flow | 34.6 | 55.9 | 17.2 | 28.9 | 20.5 | (8.9) | −143.6% | |
| Capital expenditure | (0.7) | (1.0) | (0.8) | (0.9) | (1.7) | (0.7) | +57.6% | |
| Acquisitions | 2.1 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 40.8 | (10.6) | 7.5 | (4.8) | 37.3 | (16.6) | −144.6% | |
| Dividends paid | 0.0 | (1.3) | (1.4) | (1.4) | (1.4) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (78.4) | (57.2) | (7.7) | (14.9) | (23.8) | 6.3 | +126.5% | |
| Financing cash flow | (85.9) | (64.4) | (17.1) | (27.8) | (34.3) | 5.6 | +116.2% | |
| Free cash flow | 33.9 | 54.9 | 16.4 | 28.1 | 18.9 | (9.6) | −151.2% | |
| Net change in cash | (10.4) | (19.1) | 7.6 | (3.7) | 23.5 | 17.1 | −27.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
