| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 18.0 | 22.0 | 38.0 | 40.0 | 59.3 | 55.2 | −7.0% | |
| Depreciation & amortization | 4.5 | 4.5 | 5.3 | 6.0 | 7.3 | 8.4 | +15.2% | |
| Stock-based compensation | 0.4 | (0.3) | 0.2 | 0.3 | 0.5 | 0.0 | −100.0% | |
| Change in working capital | 2.4 | (1.5) | 0.7 | 3.9 | 2.1 | 2.8 | +31.7% | |
| Operating cash flow | 16.9 | 15.3 | 28.2 | 39.1 | 39.8 | 53.2 | +33.7% | |
| Capital expenditure | (5.3) | (6.4) | (6.8) | (8.2) | (10.4) | (12.8) | −22.7% | |
| Acquisitions | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | — | |
| Investing cash flow | (16.3) | (9.8) | (24.2) | (30.6) | (24.8) | (35.2) | −41.7% | |
| Dividends paid | 0.0 | (4.6) | (5.7) | (10.1) | (14.0) | (19.2) | −37.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | (1.0) | 1.8 | 1.9 | (0.0) | 0.1 | +389.2% | |
| Financing cash flow | (0.1) | (5.9) | (4.2) | (8.2) | (14.0) | (19.5) | −39.1% | |
| Free cash flow | 11.6 | 8.9 | 21.4 | 30.9 | 29.4 | 40.5 | +37.6% | |
| Net change in cash | 0.5 | (0.5) | 0.1 | 0.5 | 1.2 | (0.1) | −105.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
