| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 155.8 | 195.0 | 177.5 | 155.7 | 155.2 | 159.3 | +2.6% | |
| Depreciation & amortization | 120.4 | 128.7 | 133.3 | 131.0 | 129.0 | 130.3 | +1.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (23.3) | (63.5) | 25.5 | 10.5 | 7.1 | 57.3 | +707.6% | |
| Operating cash flow | 293.1 | 261.2 | 380.0 | 372.9 | 362.2 | 319.5 | −11.8% | |
| Capital expenditure | (93.6) | (79.7) | (69.0) | (114.0) | (241.3) | (372.8) | −54.5% | |
| Acquisitions | (3.4) | 26.9 | (0.0) | (3.7) | 0.2 | 0.3 | +36.1% | |
| Investing cash flow | (89.7) | 7.5 | (71.4) | (131.1) | (235.3) | (358.6) | −52.4% | |
| Dividends paid | (68.2) | (108.1) | (85.4) | (112.2) | (97.7) | (83.7) | +14.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (45.8) | (93.3) | (132.6) | (53.2) | 66.4 | 139.2 | +109.7% | |
| Financing cash flow | (205.2) | (289.7) | (304.5) | (259.0) | (123.6) | 55.3 | +144.7% | |
| Free cash flow | 199.5 | 181.6 | 311.0 | 258.9 | 120.9 | (53.3) | −144.1% | |
| Net change in cash | (3.6) | (20.3) | 26.2 | (17.3) | 3.3 | 50.9 | +1429.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
