| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 4.5 | 9.6 | 17.0 | 21.6 | 27.7 | 25.6 | −7.6% | |
| Depreciation & amortization | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | +15.0% | |
| Stock-based compensation | 0.1 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | −100.0% | |
| Change in working capital | (59.2) | (129.4) | (155.1) | (169.6) | (194.4) | 12.2 | +106.3% | |
| Operating cash flow | (50.8) | (124.8) | (143.3) | (154.3) | (170.7) | 43.3 | +125.3% | |
| Capital expenditure | (0.1) | (0.3) | (0.3) | (0.4) | (0.4) | (0.3) | +23.8% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (8.0) | 22.0 | (6.1) | 2.7 | (8.0) | (254.2) | −3087.2% | |
| 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 | 42.7 | 102.4 | 121.4 | 151.4 | 123.7 | 212.0 | +71.3% | |
| Financing cash flow | 56.8 | 102.3 | 146.3 | 151.2 | 178.7 | 212.0 | +18.6% | |
| Free cash flow | (50.8) | (125.1) | (143.7) | (154.7) | (171.2) | 43.0 | +125.1% | |
| Net change in cash | (2.0) | (0.5) | (3.1) | (0.3) | (0.0) | 1.0 | +4755.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
