| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 240.5 | 255.4 | 347.8 | 596.8 | 516.3 | 735.9 | +42.5% | |
| Depreciation & amortization | 14.7 | 0.0 | 0.0 | 20.0 | 0.0 | 31.2 | — | |
| Stock-based compensation | 0.1 | 0.0 | 0.0 | 7.0 | 0.0 | 9.7 | — | |
| Change in working capital | 1,019.9 | 383.1 | 114.1 | 1,036.4 | 227.4 | (0.6) | −100.2% | |
| Operating cash flow | 1,380.2 | 796.0 | 577.2 | 1,572.8 | 822.2 | 673.3 | −18.1% | |
| Capital expenditure | (16.9) | (18.9) | (25.2) | (36.8) | (48.3) | (37.3) | +22.7% | |
| Acquisitions | 0.0 | 1.2 | 2.9 | 0.0 | 0.7 | 0.0 | −100.0% | |
| Investing cash flow | (629.9) | (1,941.6) | (2,531.5) | (1,459.3) | (2,365.5) | (130.1) | +94.5% | |
| Dividends paid | 0.0 | (14.1) | (35.6) | (56.0) | (71.2) | (78.5) | −10.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (701.3) | 183.5 | 279.3 | 181.9 | 113.2 | 18.3 | −83.8% | |
| Financing cash flow | (546.7) | 1,514.2 | 1,474.2 | 137.6 | 2,060.4 | (46.6) | −102.3% | |
| Free cash flow | 1,363.3 | 777.1 | 552.0 | 1,536.1 | 773.9 | 636.0 | −17.8% | |
| Net change in cash | 197.2 | 0.0 | 0.0 | 263.1 | 0.0 | 509.6 | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in INR; the shares trade in USD.
