| INR billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (58.2) | (61.5) | (3.0) | 81.7 | 72.6 | (23.9) | −133.0% | |
| Depreciation & amortization | 47.0 | 50.7 | 51.0 | 64.3 | 86.8 | 108.1 | +24.5% | |
| Stock-based compensation | 0.3 | 0.3 | 0.2 | 0.4 | 0.8 | 0.0 | −100.0% | |
| Change in working capital | (10.9) | 7.6 | 31.3 | 43.5 | (45.1) | 20.5 | +145.4% | |
| Operating cash flow | (16.1) | 20.9 | 127.3 | 212.2 | 241.5 | 248.1 | +2.7% | |
| Capital expenditure | (4.4) | (3.5) | (5.7) | (11.0) | (24.1) | (22.7) | +5.9% | |
| Acquisitions | 1.5 | 1.0 | 1.6 | 0.1 | 0.1 | 0.2 | +108.4% | |
| Investing cash flow | 32.0 | 15.0 | (40.6) | (118.1) | (127.6) | (32.9) | +74.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (3.9) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 18.3 | 13.7 | (16.7) | (2.8) | (0.9) | 0.1 | +106.9% | |
| Financing cash flow | (17.8) | (30.9) | (84.3) | (99.8) | (110.2) | (212.8) | −93.2% | |
| Free cash flow | (20.5) | 17.4 | 121.6 | 201.1 | 217.4 | 225.4 | +3.7% | |
| Net change in cash | (2.1) | 5.1 | 2.5 | (5.7) | 3.8 | 229.1 | +5962.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
