| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.6 | 44.5 | 57.7 | 64.2 | 84.0 | 81.9 | −2.6% | |
| Cost of revenue | 16.3 | 31.7 | 43.9 | 45.1 | 58.7 | 65.6 | +11.7% | |
| Gross profit | 10.3 | 12.8 | 13.9 | 19.1 | 25.4 | 16.3 | −35.6% | |
| Research & development | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.0 | −100.0% | |
| Selling, general & administrative | 1.4 | 1.8 | 2.0 | 2.6 | 4.3 | 9.6 | +123.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.6 | 2.0 | 2.3 | 2.7 | 4.5 | 9.6 | +112.5% | |
| Operating income | 8.7 | 10.8 | 11.6 | 16.4 | 20.8 | 6.7 | −67.8% | |
| Interest expense | 0.3 | 0.3 | 0.5 | 1.8 | 4.6 | 4.2 | −8.2% | |
| Interest income | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Other income / expense | (4.8) | (5.5) | (5.7) | (9.6) | (15.1) | (4.1) | +72.8% | |
| Pre-tax income | 3.9 | 5.3 | 5.8 | 6.8 | 5.8 | 2.6 | −54.8% | |
| Income tax | 0.8 | 1.1 | 1.4 | 1.9 | 1.4 | 0.6 | −55.9% | |
| Net income | 3.1 | 4.3 | 4.4 | 4.9 | 4.3 | 2.0 | −54.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 9.10 | 11.81 | 11.70 | 13.01 | 11.51 | 5.15 | −55.3% | |
| EPS, diluted (per share) | 9.10 | 11.81 | 11.70 | 13.00 | 11.48 | 5.13 | −55.3% | |
| EBITDA | 4.9 | 6.1 | 6.9 | 9.6 | 12.5 | 10.6 | −15.2% | |
| Depreciation & amortization | 0.9 | 1.0 | 1.2 | 1.8 | 3.1 | 3.7 | +21.0% | |
| Weighted average shares (shares) | 344,675,736 | 360,728,226 | 377,607,000 | 377,646,000 | 378,571,000 | 384,214,000 | +1.5% | |
| Weighted average diluted shares (shares) | 344,675,720 | 360,664,940 | 377,463,000 | 377,463,000 | 378,469,000 | 385,712,000 | +1.9% | |
| Gross margin | 38.7% | 28.8% | 24.0% | 29.8% | 30.2% | 20.0% | −10.2 pts | |
| Operating margin | 32.8% | 24.3% | 20.0% | 25.5% | 24.8% | 8.2% | −16.6 pts | |
| Net margin | 11.8% | 9.6% | 7.7% | 7.6% | 5.2% | 2.4% | −2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
