| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (142.1) | (112.4) | 26.9 | 314.0 | 281.5 | (16.3) | −105.8% | |
| Depreciation & amortization | 229.6 | 239.3 | 248.6 | 272.7 | 232.6 | 197.8 | −14.9% | |
| Stock-based compensation | 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.0 | −100.0% | |
| Change in working capital | 18.9 | (107.5) | (31.3) | 73.3 | 81.6 | (90.4) | −210.8% | |
| Operating cash flow | 290.0 | 142.8 | 353.9 | 679.2 | 631.0 | 100.7 | −84.0% | |
| Capital expenditure | (202.1) | (151.7) | (181.0) | (314.1) | (380.4) | (135.8) | +64.3% | |
| Acquisitions | 2.2 | 2.4 | 0.8 | 2.4 | 0.8 | (4.6) | −663.4% | |
| Investing cash flow | (261.3) | (47.8) | (168.0) | (228.3) | (475.9) | (269.5) | +43.4% | |
| Dividends paid | (0.0) | (0.0) | 0.0 | (7.7) | (23.0) | (22.0) | +4.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (10.7) | 0.0 | +100.0% | |
| Debt issued / repaid | 162.3 | 32.9 | (189.8) | (285.8) | (80.6) | 83.2 | +203.2% | |
| Financing cash flow | 99.0 | (33.8) | (262.4) | (370.1) | (187.9) | 37.6 | +120.0% | |
| Free cash flow | 88.0 | (8.9) | 172.9 | 365.0 | 250.6 | (35.1) | −114.0% | |
| Net change in cash | 132.3 | 64.6 | (62.7) | 81.3 | (56.7) | (50.8) | +10.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
