| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 172.1 | 329.6 | 202.8 | 42.4 | 268.8 | 47.8 | −82.2% | |
| Depreciation & amortization | 77.1 | 89.7 | 106.5 | 108.6 | 111.4 | 48.1 | −56.8% | |
| Stock-based compensation | 0.6 | 0.8 | 0.8 | 0.7 | 0.6 | 0.0 | −100.0% | |
| Change in working capital | (7.9) | (47.7) | 46.0 | 15.5 | (6.7) | (38.2) | −474.1% | |
| Operating cash flow | 239.8 | 349.6 | 330.7 | 356.5 | 395.6 | 365.6 | −7.6% | |
| Capital expenditure | (68.9) | (106.3) | (137.9) | (167.5) | (170.1) | (208.8) | −22.8% | |
| Acquisitions | (0.5) | 38.2 | 1.2 | 0.8 | 0.0 | 1.2 | — | |
| Investing cash flow | (67.5) | (22.5) | (6.9) | (136.9) | (191.9) | (264.9) | −38.0% | |
| Dividends paid | (35.2) | (166.8) | (299.6) | (185.7) | (167.7) | (132.8) | +20.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (2.0) | (0.4) | (2.9) | −600.0% | |
| Debt issued / repaid | (27.6) | (40.5) | 127.4 | 48.2 | 13.7 | 9.1 | −33.8% | |
| Financing cash flow | (175.7) | (289.0) | (341.4) | (260.9) | (192.2) | (84.7) | +56.0% | |
| Free cash flow | 170.9 | 243.3 | 192.8 | 189.0 | 225.6 | 156.9 | −30.5% | |
| Net change in cash | (2.6) | 38.2 | (17.5) | (41.1) | 11.8 | (4.1) | −135.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
