| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 29.5 | 1.3 | 28.9 | 22.3 | 27.5 | 12.2 | −55.4% | |
| Depreciation & amortization | 1.0 | 1.1 | 1.4 | 2.4 | 2.8 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.1 | 0.1 | 0.4 | 2.1 | 0.0 | −100.0% | |
| Change in working capital | (57.7) | (53.4) | (102.0) | 107.1 | (130.9) | 15.0 | +111.5% | |
| Operating cash flow | (9.4) | 9.0 | (42.4) | 65.9 | (132.6) | 69.8 | +152.7% | |
| Capital expenditure | (2.2) | (2.1) | (4.1) | (5.6) | (2.9) | (5.3) | −83.5% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +20.6% | |
| Investing cash flow | (18.0) | (6.1) | (16.2) | 16.9 | (38.8) | (206.6) | −432.6% | |
| Dividends paid | 0.0 | (1.6) | 0.0 | (2.4) | (2.4) | (2.4) | −0.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 5.8 | 29.6 | 47.9 | (83.4) | (52.3) | 31.6 | +160.5% | |
| Financing cash flow | 214.8 | 211.6 | 165.3 | 185.6 | 105.4 | 180.5 | +71.4% | |
| Free cash flow | (11.7) | 6.9 | (46.6) | 60.4 | (135.5) | 64.6 | +147.7% | |
| Net change in cash | (21.2) | 30.9 | (10.7) | 79.2 | (66.0) | 0.0 | +100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
