| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 5.2 | 1.7 | 33.3 | 29.4 | 14.9 | 18.1 | +21.2% | |
| Depreciation & amortization | 3.4 | 3.8 | 4.3 | 6.3 | 8.4 | 8.6 | +3.0% | |
| Stock-based compensation | 0.0 | 0.2 | 0.2 | 0.2 | 0.9 | 0.0 | −100.0% | |
| Change in working capital | 105.1 | (13.4) | (18.0) | (6.6) | (452.1) | (14.5) | +96.8% | |
| Operating cash flow | 140.4 | 26.8 | 35.6 | 56.9 | (369.7) | 68.2 | +118.4% | |
| Capital expenditure | (5.9) | (4.8) | (11.9) | (13.7) | (9.2) | (7.8) | +15.5% | |
| Acquisitions | 0.4 | 0.0 | 0.1 | 0.0 | 0.3 | 0.0 | −100.0% | |
| Investing cash flow | (28.3) | (217.9) | (120.0) | (98.9) | (34.8) | (141.4) | −306.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (3.0) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (116.1) | 71.8 | 27.5 | (62.8) | (119.5) | (23.5) | +80.3% | |
| Financing cash flow | (96.0) | 272.1 | 65.1 | (29.5) | 427.7 | 49.7 | −88.4% | |
| Free cash flow | 134.6 | 22.0 | 23.7 | 43.1 | (378.9) | 60.4 | +115.9% | |
| Net change in cash | 16.1 | 99.3 | (19.2) | (13.0) | 26.2 | (23.3) | −189.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
