| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 22.3 | 26.5 | 42.5 | 38.8 | 41.6 | 43.5 | +4.5% | |
| Depreciation & amortization | 1.1 | 1.4 | 1.8 | 2.3 | 2.9 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | (27.4) | (18.3) | (19.1) | 20.1 | (273.8) | 15.7 | +105.7% | |
| Operating cash flow | 111.8 | (77.7) | 4.9 | (330.4) | (222.3) | 85.1 | +138.3% | |
| Capital expenditure | (1.3) | (3.0) | (4.8) | (3.3) | (7.5) | (3.1) | +59.2% | |
| Acquisitions | 0.6 | 0.1 | 0.0 | 1.0 | 0.8 | 0.2 | −71.2% | |
| Investing cash flow | (39.1) | 9.1 | (98.4) | (89.1) | (37.9) | (451.3) | −1089.3% | |
| Dividends paid | 0.0 | (1.4) | (3.8) | (2.3) | (2.9) | (3.0) | −0.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (2.6) | 73.2 | 62.7 | (7.0) | 74.4 | 6.0 | −92.0% | |
| Financing cash flow | 197.3 | 81.9 | 60.4 | 433.4 | 384.3 | 319.2 | −16.9% | |
| Free cash flow | 110.5 | (80.7) | 0.1 | (333.6) | (229.8) | 82.0 | +135.7% | |
| Net change in cash | 269.9 | 13.2 | (33.3) | 13.9 | 124.0 | 0.0 | −100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
