| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (0.7) | (3.6) | 13.6 | 27.0 | 31.1 | 37.2 | +19.8% | |
| Depreciation & amortization | 8.4 | 8.7 | 9.0 | 9.3 | 10.9 | 11.4 | +4.7% | |
| Stock-based compensation | 0.2 | 0.0 | 0.0 | 0.1 | 0.1 | (0.3) | −309.7% | |
| Change in working capital | (19.5) | 16.5 | (72.6) | (103.0) | (66.0) | (111.0) | −68.3% | |
| Operating cash flow | (10.7) | 28.4 | (45.0) | (62.6) | 1.3 | (48.9) | −3910.0% | |
| Capital expenditure | (7.5) | (5.1) | (9.3) | (11.3) | (16.5) | (29.5) | −78.7% | |
| Acquisitions | (0.7) | 1.5 | (2.2) | 0.5 | (1.4) | 0.0 | +100.0% | |
| Investing cash flow | (9.9) | (19.2) | (29.3) | 11.4 | (57.6) | (70.2) | −21.8% | |
| Dividends paid | 0.0 | (1.8) | (2.9) | (7.6) | (20.4) | (18.4) | +10.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 17.6 | 0.2 | 69.1 | 96.7 | 90.5 | 138.6 | +53.1% | |
| Financing cash flow | 13.3 | (3.8) | 72.8 | 84.3 | 69.6 | 116.2 | +67.0% | |
| Free cash flow | (18.2) | 23.4 | (54.3) | (73.9) | (15.2) | (78.4) | −415.9% | |
| Net change in cash | (7.1) | 5.5 | (1.2) | 33.1 | 13.3 | (2.6) | −119.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
