| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.9 | 5.5 | 13.7 | 11.0 | 17.7 | 15.8 | −10.6% | |
| Depreciation & amortization | 4.9 | 8.5 | 13.0 | 19.0 | 25.0 | 33.7 | +35.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (6.3) | (4.7) | 16.8 | 4.2 | (4.6) | (6.3) | −37.8% | |
| Operating cash flow | 16.0 | 30.6 | 72.7 | 77.1 | 83.6 | 101.4 | +21.2% | |
| Capital expenditure | (61.4) | (147.9) | (33.8) | (157.7) | (247.8) | (261.0) | −5.3% | |
| Acquisitions | (4.4) | (56.2) | 0.4 | 0.7 | 0.0 | 0.0 | — | |
| Investing cash flow | (91.4) | (192.8) | (38.6) | (210.6) | (198.3) | (262.3) | −32.3% | |
| Dividends paid | (0.8) | (0.8) | (0.8) | 0.0 | 0.0 | (1.9) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 91.2 | 192.3 | (14.7) | 164.3 | 178.9 | 174.9 | −2.3% | |
| Financing cash flow | 70.8 | 159.9 | (29.7) | 139.5 | 120.7 | 156.2 | +29.4% | |
| Free cash flow | (45.4) | (117.3) | 38.9 | (80.6) | (164.1) | (159.6) | +2.7% | |
| Net change in cash | (4.5) | 3.8 | 4.4 | 6.1 | 6.0 | (4.8) | −179.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
