| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 131.7 | 159.5 | 196.5 | 182.1 | 221.3 | 192.9 | −12.8% | |
| Depreciation & amortization | 4.6 | 4.8 | 6.0 | 7.9 | 9.4 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.3 | 0.5 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | (37.9) | (40.2) | (182.8) | 253.5 | 84.4 | 136.7 | +61.9% | |
| Operating cash flow | 48.8 | 84.2 | (12.4) | 156.8 | 169.2 | 374.2 | +121.2% | |
| Capital expenditure | (3.7) | (6.7) | (9.9) | (11.3) | (12.1) | (10.6) | +12.8% | |
| Acquisitions | 0.7 | 0.4 | 0.3 | (5.0) | 40.7 | 13.0 | −68.1% | |
| Investing cash flow | (111.2) | (110.8) | (105.5) | (91.0) | (252.7) | (844.5) | −234.1% | |
| Dividends paid | (0.4) | (2.2) | (2.6) | (3.4) | (4.0) | (5.0) | −25.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (5.0) | 0.0 | 0.0 | — | |
| Debt issued / repaid | (178.4) | 74.0 | 18.7 | 161.5 | 225.2 | (22.3) | −109.9% | |
| Financing cash flow | (100.7) | 75.5 | 18.8 | 995.1 | 221.7 | 696.9 | +214.4% | |
| Free cash flow | 45.1 | 77.5 | (22.3) | 145.6 | 157.0 | 363.6 | +131.6% | |
| Net change in cash | (163.6) | 49.5 | (97.4) | 222.8 | 138.6 | 0.0 | −100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
