| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 28.0 | 44.8 | 94.1 | 95.8 | 109.3 | 114.8 | +5.0% | |
| Depreciation & amortization | 20.8 | 21.4 | 25.3 | 25.6 | 25.8 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 25.6 | 15.6 | (56.6) | 10.6 | (3.2) | (12.7) | −291.8% | |
| Operating cash flow | 61.7 | 89.8 | 49.6 | 121.3 | 140.7 | 128.5 | −8.7% | |
| Capital expenditure | (11.7) | (15.0) | (20.9) | (22.0) | (21.3) | (36.1) | −69.6% | |
| Acquisitions | (0.6) | (7.2) | (46.9) | (2.3) | (2.1) | (33.1) | −1462.2% | |
| Investing cash flow | 5.4 | (57.2) | (79.4) | (6.9) | (53.1) | (121.1) | −128.2% | |
| Dividends paid | (15.6) | (21.6) | (25.2) | (29.0) | (36.1) | 0.0 | +100.0% | |
| Share buybacks | (1.9) | (1.9) | 0.0 | (0.8) | (29.0) | 0.0 | +100.0% | |
| Debt issued / repaid | (44.9) | (26.4) | 51.3 | (33.9) | (10.3) | 0.0 | +100.0% | |
| Financing cash flow | (59.8) | (51.9) | 23.8 | (67.1) | (79.1) | (21.8) | +72.4% | |
| Free cash flow | 50.0 | 74.9 | 28.7 | 99.3 | 119.4 | 92.4 | −22.6% | |
| Net change in cash | 6.0 | (17.6) | 1.2 | 46.6 | 9.8 | 13.1 | +33.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
