| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 17.2 | 23.6 | 45.1 | 55.7 | 57.2 | 45.1 | −21.2% | |
| Depreciation & amortization | 12.8 | 11.8 | 12.6 | 14.8 | 17.1 | 21.7 | +27.1% | |
| Stock-based compensation | 0.6 | 0.6 | 0.4 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | (10.7) | (13.9) | (7.9) | (20.2) | (30.0) | (12.2) | +59.2% | |
| Operating cash flow | 35.7 | 28.1 | 58.9 | 45.4 | 46.4 | 56.6 | +22.0% | |
| Capital expenditure | (12.6) | (19.0) | (18.9) | (27.4) | (34.4) | (24.5) | +28.6% | |
| Acquisitions | (15.5) | (0.3) | 0.0 | (0.0) | (53.4) | (3.0) | +94.4% | |
| Investing cash flow | (22.7) | (26.4) | (41.4) | (40.3) | (58.1) | (70.5) | −21.4% | |
| Dividends paid | (4.1) | (4.1) | (5.0) | (6.6) | (6.7) | (7.0) | −5.2% | |
| Share buybacks | (1.2) | 0.0 | 0.0 | 0.0 | (1.4) | 0.0 | +100.0% | |
| Debt issued / repaid | 6.1 | 2.7 | (20.4) | 4.3 | 23.2 | 21.3 | −8.1% | |
| Financing cash flow | (0.3) | (2.4) | (26.9) | (3.8) | 18.9 | 13.4 | −29.2% | |
| Free cash flow | 23.1 | 9.1 | 40.0 | 18.0 | 12.0 | 32.1 | +166.8% | |
| Net change in cash | 12.9 | 0.0 | (9.1) | 1.3 | 7.5 | (0.9) | −111.7% |
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.
