| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 427.7 | 386.6 | 496.3 | 640.6 | 686.5 | 760.3 | +10.7% | |
| Depreciation & amortization | 13.9 | 16.8 | 23.5 | 52.3 | 63.0 | 0.0 | −100.0% | |
| Stock-based compensation | 10.6 | 13.9 | 14.0 | 20.1 | 24.6 | 0.0 | −100.0% | |
| Change in working capital | (101.2) | 58.9 | (156.5) | 201.3 | 168.6 | 567.2 | +236.5% | |
| Operating cash flow | 424.8 | 581.0 | 477.2 | 1,022.3 | 1,195.6 | 1,676.1 | +40.2% | |
| Capital expenditure | (17.0) | (26.3) | (43.6) | (53.8) | (66.4) | (38.9) | +41.4% | |
| Acquisitions | 823.8 | (3,128.3) | (3,786.0) | 149.8 | 0.0 | 102.5 | — | |
| Investing cash flow | (16.8) | (3,302.3) | (4,392.8) | (3,672.6) | (3,716.1) | (4,341.5) | −16.8% | |
| Dividends paid | (0.2) | (36.2) | (86.0) | (86.6) | (158.1) | (207.1) | −31.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (2.3) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 17.7 | 684.3 | 1,000.5 | (22.3) | (815.3) | (482.0) | +40.9% | |
| Financing cash flow | (73.2) | 2,912.1 | 4,173.9 | 3,347.3 | 2,419.3 | 3,274.0 | +35.3% | |
| Free cash flow | 407.8 | 554.7 | 433.6 | 968.5 | 1,129.2 | 1,637.2 | +45.0% | |
| Net change in cash | 333.3 | 191.3 | 265.4 | 698.6 | (103.1) | 0.0 | +100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
