| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 79.1 | 195.7 | 132.4 | 140.1 | 160.0 | 133.9 | −16.3% | |
| Depreciation & amortization | 66.3 | 67.3 | 70.9 | 75.2 | 78.8 | 0.0 | −100.0% | |
| Stock-based compensation | 3.0 | 0.4 | 1.5 | 0.6 | 0.6 | 0.0 | −100.0% | |
| Change in working capital | 15.2 | (91.3) | (4.6) | 19.4 | (23.2) | (142.4) | −513.4% | |
| Operating cash flow | 172.3 | 168.4 | 192.1 | 240.6 | 244.1 | 66.6 | −72.7% | |
| Capital expenditure | (55.7) | (54.3) | (98.4) | (157.3) | (206.5) | (301.0) | −45.8% | |
| Acquisitions | (195.2) | (4.1) | 0.1 | (0.3) | 2.5 | 3.9 | +59.6% | |
| Investing cash flow | (256.4) | (70.7) | (80.2) | (142.8) | (247.4) | (277.8) | −12.3% | |
| Dividends paid | (2.2) | (6.7) | (8.9) | (6.7) | (7.8) | (11.1) | −42.7% | |
| Share buybacks | 0.0 | (0.9) | (1.3) | 0.0 | 0.0 | (1.6) | — | |
| Debt issued / repaid | (9.0) | (24.4) | (81.9) | (43.9) | 35.1 | 264.6 | +654.6% | |
| Financing cash flow | (48.8) | (67.7) | (104.5) | (108.2) | (18.2) | 248.8 | +1469.9% | |
| Free cash flow | 116.7 | 114.1 | 93.7 | 83.3 | 37.6 | (234.4) | −723.1% | |
| Net change in cash | (129.3) | 33.0 | 12.0 | (10.3) | (20.2) | 49.4 | +345.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
