| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 95.8 | 122.5 | 145.2 | 56.2 | 105.3 | 142.8 | +35.7% | |
| Depreciation & amortization | 40.5 | 41.2 | 45.3 | 50.0 | 0.0 | 77.3 | — | |
| Stock-based compensation | 0.4 | 0.7 | 1.2 | 1.8 | 0.0 | 2.7 | — | |
| Change in working capital | (23.8) | (114.0) | (357.6) | (363.8) | (27.6) | (492.7) | −1688.1% | |
| Operating cash flow | 150.8 | 70.4 | (126.9) | (107.2) | 205.1 | (178.1) | −186.8% | |
| Capital expenditure | (36.5) | (85.9) | (120.4) | (194.9) | (171.8) | (156.3) | +9.1% | |
| Acquisitions | 1.0 | (0.8) | (7.7) | 1.6 | 0.0 | (3.7) | — | |
| Investing cash flow | (92.2) | (35.4) | (136.9) | (231.1) | (239.8) | (178.0) | +25.8% | |
| Dividends paid | (4.3) | (10.7) | (8.2) | (11.3) | (15.8) | (16.7) | −5.5% | |
| Share buybacks | 0.0 | (1.5) | (2.2) | (1.7) | (1.9) | 0.0 | +100.0% | |
| Debt issued / repaid | (56.3) | (61.8) | 291.8 | 342.3 | 451.1 | 388.5 | −13.9% | |
| Financing cash flow | (80.0) | (67.3) | 264.7 | 339.1 | 429.8 | 335.2 | −22.0% | |
| Free cash flow | 114.3 | (15.5) | (247.2) | (302.0) | 33.3 | (334.4) | −1104.4% | |
| Net change in cash | (0.7) | (7.5) | 0.7 | 0.8 | 25.0 | (20.8) | −183.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
