| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 59.9 | 95.0 | 155.3 | 144.5 | 166.4 | 190.2 | +14.3% | |
| Depreciation & amortization | 3.3 | 3.8 | 4.9 | 6.8 | 8.8 | 10.1 | +14.5% | |
| Stock-based compensation | 1.2 | 1.6 | 2.2 | 0.0 | 3.9 | 0.0 | −100.0% | |
| Change in working capital | (94.9) | (501.3) | (562.5) | 3.0 | (939.8) | 24.5 | +102.6% | |
| Operating cash flow | (8.1) | (370.3) | (421.4) | 199.9 | (681.5) | 359.2 | +152.7% | |
| Capital expenditure | (1.4) | (6.3) | (8.8) | (10.4) | (10.8) | (9.6) | +11.2% | |
| Acquisitions | 3.5 | (65.6) | (0.9) | (2.7) | 0.0 | 0.7 | — | |
| Investing cash flow | (4.3) | 63.5 | (103.7) | (982.8) | (27.7) | (1,071.8) | −3776.4% | |
| Dividends paid | (0.0) | (6.0) | (12.1) | (18.1) | (22.3) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (48.8) | 280.3 | 383.1 | 603.1 | 547.3 | 793.1 | +44.9% | |
| Financing cash flow | 17.4 | 322.4 | 506.7 | 824.2 | 705.3 | 736.5 | +4.4% | |
| Free cash flow | (9.5) | (376.6) | (430.2) | 189.5 | (692.4) | 349.6 | +150.5% | |
| Net change in cash | 5.0 | 15.3 | (18.3) | 24.8 | (3.9) | 119.7 | +3153.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
