| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,481.6 | 2,784.5 | 3,428.7 | 4,349.8 | 4,368.2 | 3,355.8 | −23.2% | |
| Cost of revenue | 1,664.1 | 1,651.7 | 2,381.4 | 2,859.4 | 2,717.9 | 2,474.7 | −8.9% | |
| Gross profit | 817.6 | 1,132.9 | 1,047.3 | 1,490.5 | 1,650.4 | 881.2 | −46.6% | |
| Research & development | 52.3 | 92.1 | 106.6 | 109.6 | 107.2 | 118.6 | +10.7% | |
| Selling, general & administrative | 47.2 | 356.7 | 60.4 | 92.2 | 584.6 | 760.3 | +30.0% | |
| Selling & marketing | 43.8 | 48.6 | 60.4 | 92.2 | 107.0 | 0.0 | −100.0% | |
| Operating expenses | 894.4 | 346.0 | 1,118.7 | 485.6 | 1,642.6 | 878.9 | −46.5% | |
| Operating income | (76.9) | (12.8) | (71.4) | 100.8 | 7.7 | 2.3 | −70.6% | |
| Interest expense | 80.8 | 93.1 | 102.3 | 99.9 | 50.8 | 28.3 | −44.4% | |
| Interest income | 4.9 | 6.3 | 12.5 | 26.1 | 0.0 | 0.0 | — | |
| Other income / expense | (39.9) | (58.0) | 105.3 | 178.7 | 330.1 | (18.5) | −105.6% | |
| Pre-tax income | (116.7) | (70.8) | 33.9 | 284.3 | 337.8 | (16.2) | −104.8% | |
| Income tax | 25.4 | 42.3 | 7.0 | (38.5) | 105.0 | (2.5) | −102.3% | |
| Net income | (142.7) | (114.4) | 24.1 | 314.0 | 278.3 | 823.9 | +196.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | (6.5) | 48.7 | 840.2 | +1624.9% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (39.20) | (29.88) | 6.29 | 81.95 | 78.80 | 223.74 | +183.9% | |
| EPS, diluted (per share) | (39.20) | (29.88) | 6.29 | 81.90 | 78.75 | 223.74 | +184.1% | |
| EBITDA | 193.8 | 262.5 | 381.4 | 632.9 | 621.2 | 200.1 | −67.8% | |
| Depreciation & amortization | 229.6 | 248.4 | 248.6 | 272.7 | 232.6 | 197.8 | −14.9% | |
| Weighted average shares (shares) | 3,636,772,000 | 3,320,402,000 | 3,831,658,000 | 3,834,029,000 | 3,680,621,000 | 3,682,376,000 | +0.0% | |
| Weighted average diluted shares (shares) | 3,636,772,000 | 3,320,402,000 | 3,831,657,000 | 3,834,029,000 | 3,683,108,000 | 3,682,376,000 | −0.0% | |
| Gross margin | 32.9% | 40.7% | 30.5% | 34.3% | 37.8% | 26.3% | −11.5 pts | |
| Operating margin | −3.1% | −0.5% | −2.1% | 2.3% | 0.2% | 0.1% | −0.1 pts | |
| Net margin | −5.8% | −4.1% | 0.7% | 7.2% | 6.4% | 24.6% | +18.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
