| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 12.8 | 19.5 | 53.6 | 33.3 | 33.3 | 37.6 | +13.0% | |
| Depreciation & amortization | 2.2 | 2.3 | 2.5 | 2.9 | 3.6 | 4.4 | +23.7% | |
| Stock-based compensation | 0.1 | 0.1 | 0.4 | 1.0 | 0.9 | 0.0 | −100.0% | |
| Change in working capital | (60.3) | (109.6) | (346.7) | (358.3) | (403.5) | (51.8) | +87.2% | |
| Operating cash flow | (3.1) | (50.7) | (240.3) | (241.0) | (279.3) | 81.1 | +129.0% | |
| Capital expenditure | (1.5) | (1.8) | (2.5) | (4.0) | (4.6) | (3.9) | +14.0% | |
| Acquisitions | 0.7 | 1.2 | 1.6 | 6.4 | 0.1 | 0.3 | +225.8% | |
| Investing cash flow | 24.3 | (14.5) | (26.5) | (45.9) | 9.3 | (478.3) | −5218.1% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (26.2) | 57.4 | 262.4 | 254.1 | 297.9 | 378.5 | +27.1% | |
| Financing cash flow | (25.8) | 58.4 | 263.9 | 285.1 | 297.8 | 377.9 | +26.9% | |
| Free cash flow | (4.6) | (52.5) | (242.7) | (245.0) | (283.9) | 77.2 | +127.2% | |
| Net change in cash | (0.9) | (6.8) | (3.2) | (1.8) | 27.8 | 4.0 | −85.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
