| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 224.3 | 160.4 | 28.2 | 268.6 | 133.4 | 258.4 | +93.8% | |
| Depreciation & amortization | 43.3 | 54.3 | 63.7 | 67.7 | 72.6 | 78.6 | +8.3% | |
| Stock-based compensation | 9.4 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 37.8 | 13.2 | (1.8) | (12.4) | 9.1 | 90.3 | +895.9% | |
| Operating cash flow | 235.5 | 203.4 | 124.7 | 359.4 | 236.8 | 499.7 | +111.0% | |
| Capital expenditure | (92.1) | (77.5) | (85.5) | (95.8) | (151.4) | (194.2) | −28.3% | |
| Acquisitions | 81.7 | (33.9) | (17.2) | 0.3 | 0.0 | 1.3 | — | |
| Investing cash flow | (25.7) | (81.4) | (78.1) | (105.2) | (191.8) | (278.4) | −45.1% | |
| Dividends paid | (49.2) | (144.8) | (12.8) | (53.3) | (65.6) | (95.2) | −45.2% | |
| Share buybacks | (55.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (119.9) | (9.8) | 14.3 | (169.2) | (30.4) | (107.9) | −254.8% | |
| Financing cash flow | (139.8) | (176.7) | (44.0) | (254.3) | (62.4) | (223.7) | −258.4% | |
| Free cash flow | 143.5 | 125.9 | 39.2 | 263.6 | 85.3 | 305.4 | +257.9% | |
| Net change in cash | 70.0 | (54.7) | 2.6 | (0.1) | (17.4) | 170.1 | +1076.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
