| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 491.3 | 590.4 | 662.8 | 696.2 | 696.5 | 807.8 | +16.0% | |
| Depreciation & amortization | 265.7 | 297.8 | 403.0 | 508.3 | 531.4 | 576.9 | +8.6% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (507.3) | 7.3 | (196.3) | 63.7 | 237.2 | 125.0 | −47.3% | |
| Operating cash flow | 162.7 | 902.6 | 1,045.1 | 1,323.4 | 1,541.2 | 1,747.7 | +13.4% | |
| Capital expenditure | (1,058.4) | (1,001.5) | (1,409.9) | (1,528.8) | (1,399.7) | (1,229.2) | +12.2% | |
| Acquisitions | 23.2 | 35.9 | 96.7 | 351.4 | 23.4 | 8.3 | −64.7% | |
| Investing cash flow | (1,500.6) | (1,156.1) | (1,018.8) | (1,044.7) | (1,539.8) | (1,237.3) | +19.6% | |
| Dividends paid | (39.2) | (43.0) | (50.8) | (60.9) | (71.8) | (74.4) | −3.7% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (837.1) | 98.5 | 380.8 | 92.6 | 192.5 | 28.2 | −85.4% | |
| Financing cash flow | 1,202.4 | 431.9 | 316.3 | 7.0 | 91.3 | (115.7) | −226.7% | |
| Free cash flow | (895.7) | (98.9) | (364.8) | (205.5) | 141.6 | 518.5 | +266.3% | |
| Net change in cash | (135.2) | 187.8 | 324.9 | 125.2 | (288.4) | 936.4 | +424.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
