| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 180.1 | 236.2 | 380.0 | 374.0 | 469.7 | 310.9 | −33.8% | |
| Depreciation & amortization | 37.1 | 44.3 | 46.8 | 65.9 | 91.5 | 101.4 | +10.8% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (56.6) | 174.5 | 26.1 | (186.2) | (61.9) | 81.0 | +230.9% | |
| Operating cash flow | 105.6 | 410.9 | 356.9 | 181.0 | 292.0 | 465.1 | +59.3% | |
| Capital expenditure | (110.2) | (120.2) | (153.1) | (168.2) | (132.9) | (120.9) | +9.0% | |
| Acquisitions | (7.6) | (7.7) | (6.7) | 0.0 | (1.0) | 0.7 | +170.5% | |
| Investing cash flow | 3.4 | (264.8) | (234.2) | (44.9) | (100.8) | (376.9) | −274.0% | |
| Dividends paid | (77.1) | (107.8) | (143.3) | (151.0) | (162.4) | (162.0) | +0.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (5.5) | (25.7) | 8.1 | 15.0 | 32.4 | 49.1 | +51.4% | |
| Financing cash flow | (84.6) | (134.4) | (136.6) | (139.0) | (133.1) | (113.6) | +14.6% | |
| Free cash flow | (4.6) | 290.6 | 203.7 | 12.8 | 159.1 | 344.2 | +116.4% | |
| Net change in cash | 23.2 | 19.5 | (14.0) | (2.8) | 58.1 | 414.0 | +611.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
