| INR billions | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|
| Net income | 318.1 | 281.5 | 30.3 | −89.2% | |
| Depreciation & amortization | 272.7 | 232.6 | 19.5 | −91.6% | |
| Stock-based compensation | 0.4 | 0.5 | 0.0 | −100.0% | |
| Change in working capital | 73.3 | 81.6 | 66.6 | −18.4% | |
| Operating cash flow | 679.2 | 631.0 | 147.1 | −76.7% | |
| Capital expenditure | (314.1) | (380.4) | (13.2) | +96.5% | |
| Acquisitions | 2.4 | 0.8 | 1.5 | +76.8% | |
| Investing cash flow | (228.3) | (475.9) | (40.6) | +91.5% | |
| Dividends paid | (7.7) | (23.0) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | (0.6) | 0.0 | +100.0% | |
| Debt issued / repaid | (285.9) | (80.6) | (41.1) | +49.0% | |
| Financing cash flow | (370.1) | (187.9) | (43.4) | +76.9% | |
| Free cash flow | 365.0 | 250.6 | 133.9 | −46.6% | |
| Net change in cash | 81.3 | (56.7) | 77.8 | +237.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.