| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52.0 | 37.7 | 66.9 | 87.5 | 104.1 | 148.1 | +42.2% | |
| Cost of revenue | 49.2 | 24.8 | 41.9 | 53.3 | 64.5 | 80.8 | +25.3% | |
| Gross profit | 2.8 | 12.9 | 25.1 | 34.2 | 39.7 | 67.3 | +69.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.9 | 3.3 | 0.6 | 3.4 | 21.1 | 25.6 | +21.1% | |
| Selling & marketing | 0.6 | 1.0 | 0.3 | 0.7 | 0.0 | 0.0 | — | |
| Operating expenses | 1.5 | 0.8 | 18.3 | 19.2 | 21.1 | 25.6 | +21.1% | |
| Operating income | 4.6 | 13.3 | 7.1 | 15.0 | 18.6 | 41.8 | +124.7% | |
| Interest expense | 30.7 | 19.9 | 23.4 | 29.3 | 36.9 | 38.6 | +4.7% | |
| Interest income | 4.4 | 3.3 | 4.1 | 4.1 | 0.0 | 0.0 | — | |
| Other income / expense | (19.3) | (21.0) | (38.8) | (21.4) | (24.9) | (35.9) | −44.0% | |
| Pre-tax income | (36.9) | (7.6) | (7.3) | (6.4) | (6.4) | 5.9 | +192.3% | |
| Income tax | (2.6) | (0.1) | 1.1 | 1.9 | 1.8 | 1.1 | −37.4% | |
| Net income | (28.0) | (10.2) | (1.8) | (5.6) | (3.9) | 1.8 | +144.7% | |
| Discontinued operations | (21.8) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | (0.6) | (3.8) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (4.63) | (1.70) | (0.30) | (0.93) | (0.43) | 0.17 | +139.5% | |
| EPS, diluted (per share) | (4.63) | (1.70) | (0.30) | (0.93) | (0.43) | 0.13 | +130.2% | |
| EBITDA | 12.2 | 20.7 | 24.1 | 35.3 | 47.8 | 60.1 | +25.9% | |
| Depreciation & amortization | 8.9 | 8.9 | 10.4 | 14.7 | 19.1 | 18.4 | −3.9% | |
| Weighted average shares (shares) | 6,035,945,275 | 6,035,945,275 | 6,035,945,275 | 6,035,945,275 | 10,615,300,000 | 10,322,941,000 | −2.8% | |
| Weighted average diluted shares (shares) | 6,035,945,275 | 6,035,945,275 | 6,035,945,275 | 6,035,945,275 | 11,342,909,000 | 13,499,231,000 | +19.0% | |
| Gross margin | 5.4% | 34.3% | 37.5% | 39.1% | 38.1% | 45.5% | +7.3 pts | |
| Operating margin | 8.9% | 35.3% | 10.6% | 17.1% | 17.8% | 28.2% | +10.4 pts | |
| Net margin | −53.8% | −27.1% | −2.7% | −6.4% | −3.8% | 1.2% | +5.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
